United Mining Industries obtains board’s nod for H2-23 dividends
- Date: 18-Mar-2024
- Source: Mubasher
- Sector:Oil & Gas
- Country:Saudi Arabia
United Mining Industries obtains board’s nod for H2-23 dividends
Riyadh – Mubasher: The board of United Mining Industries Company greenlighted cash dividends valued at SAR 9.80 million, representing 7% of the capital, for the second half (H2) of 2023.
The Saudi firm will distribute a dividend of SAR 0.70 per share for 14 million shares, according to a bourse disclosure.
Eligibility and payment dates for the approved dividends will be 25 March and 1 April 2024, respectively.
Last December, United Mining Industries disbursed the same amount as cash dividends for H1-23.
In 2023, the company’s net profits increased by 11.81% year-on-year (YoY) to SAR 35.83 million from SAR 32.04 million.
Revenues declined by 0.61% to SAR 240.32 million last year from SAR 241.81 million in 2022, while the earnings per share (EPS) grew to SAR 2.56 from SAR 2.29.
United Mining Industries obtains board’s nod for H2-23 dividends
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