The board of directors of the Union Wire Factories Company (Aslak) has recommended distributing cash dividends to shareholders at a rate of 10% of the capital (equivalent to one riyal per share), as dividends for half The second of the year 2020.
According to a statement from the company for the Saudi market (Tadawul), today, Wednesday, the total amount distributed is 35.100 million riyals distributed over 35.100 million shares.
and the company clarified that the shareholders who own shares have eligibility on the due date Sunday, February 21, 2021, and are registered in the company's shareholders register at the Securities Depository Center in Tadawul at the end of the second trading day following the date Due as long as the distribution date is Wednesday, corresponding to next March 3.
The company recently announced a jump in net profits in 2020, compared to the previous year, in light of high sales and profit margins.
The company’s data revealed an increase in net profit after zakat and tax, about 181% last year, to 62.1 million riyals, compared to 22.1 million riyals, the company's profits in the year 2019.
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and she explained that the increase in net profits is mainly due to the increase in sales and profit margins, which contributed to the increase in the gross profit despite the increase in selling, distribution, general and administrative expenses, and a decrease Other revenues
