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Arabian United Float Glass Co. (UFG) shareholders approved a 15% cash dividend of SAR 1.5 per share for 2025, totaling SAR 25.51 million. The dividend will be paid on June 15, 2026, to shareholders registered by May 21, 2026. Shareholders also authorized the board to distribute interim dividends semi-annually or quarterly in 2026 and elected new board members starting June 1, 2026.
This decision signals strong corporate governance and shareholder confidence in UFG's financial stability. The dividend payout ratio (15% of SAR 170.04 million capital) reflects the company's commitment to returning value to investors. For traders, the announcement may temporarily boost the stock's appeal, especially around the ex-dividend date, though long-term performance will depend on operational results and sector dynamics.
The approval reinforces UFG's position as a reliable income generator in the Saudi equity market. Investors should monitor the stock's price action near the May 21 record date and June 15 payment date, as well as quarterly earnings reports to assess the feasibility of maintaining dividend payouts. The election of new board members also warrants attention for potential strategic shifts.
