Saudi: Astra Industrial’s shareholders nod to 2022 cash dividends

Saudi: Astra Industrial’s shareholders nod to 2022 cash dividends

The shareholders of Astra Industrial Group approved the board’s proposal to distribute cash dividends amounting to SAR 200 million for 2022, according to a bourse discourse.

The Tadawul-listed firm will pay a dividend of SAR 2.50 per share, which represents 25% of the par nominal value.

Eligible shareholders will receive the announced cash dividends on 4 June 2023.

It is worth noting that the ordinary general meeting (OGM) of Astra Industrial greenlighted the full-year dividends on 28 May.

The Saudi group posted net profits after Zakat and tax valued at SAR 474.31 million in the January-December 2022 period, higher by 134.38% than SAR 202.36 million in 2021.

As of 31 March 2023, the company’s net profits enlarged by 64.53% to SAR 122.88 million from SAR 74.69 million in Q1-22.

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