Addendum Announcement from Obeikan Glass Co. in regards to update on distribution of cash dividends for the fiscal year of 2023

Addendum Announcement from Obeikan Glass Co. in regards to update on distribution of cash dividends for the fiscal year of 2023

Element List

Explanation

Introduction

Reference to the announcement of the latest developments dated 7-1-2024 , corresponding to 25-6-1445 , related to the company’s announcement on 28-12-2023, corresponding to 15-6/-445 , regarding the Board of Directors’ resolution to distribute cash dividends to shareholders for the fiscal year 2023, the company’s desire to clarify that the Board of Directors’ resolution was amended to consider profits distribution for the second half of the year 2023 instead of the fiscal year 2023.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website

2024-01-07 Corresponding to 1445-06-25

Hyperlink to the Previous Announcement

Click Here

Change on the Development

Amending the Board of Directors’ resolution to consider profits for the second half of the fiscal year 2023 instead of the fiscal year 2023.

Financial Impact on the change

None

Additional Information

The total distribution amount of 64,000,000 Saudi riyals, the eligibility for cash dividends, the eligibility date for the cash dividends that will be distributed, and the number of shares entitled to the cahs dividends remain unchanged as stated in the previous announcement dated 28-12-2023, corresponding to 15-6-1445.

Addendum