Bawan shareholders authorize board to pay 2023 interim dividend

Logo of Bawan Co.

Bawan Co.’s shareholders approved, on May 10, authorizing the board of directors to pay an interim dividend on a semi-annual or a quarterly basis for 2023, according to a statement to Tadawul.

Shareholders also approved other items on the agenda, including business and contracts in which the board members have indirect interests, the statement added.

Bawan paid a cash dividend at 15% of capital, or SAR 0.5 a share, totaling SAR 90 million for 2022. Payment was made bi-annually, Argaam earlier reported.