United Wire Factories Pays 28.08M SAR Cash Dividend
Riyadh, Saudi Arabia — United Wire Factories Company, known as Aslak, will distribute 28.08 million SAR in cash dividends to shareholders. The board approved the decision on November 9, 2026, drawing from accumulated retained earnings across two periods. The payout covers earnings through the end of the fourth quarter of 2025 and the nine-month period […] The post United Wire Factories Pays…
On November 9, 2026, the United Wire Factories Company, trading under the name Aslak in Saudi Arabia, announced a cash dividend of 28.08 million SAR to be paid to shareholders. This payment, approved by the board, derives from accumulated retained earnings spanning through the fourth quarter of 2025 and the first nine months of 2026.
Each qualifying share will receive 1 SAR, representing 10% of its par value. In total, 28,080,000 shares are eligible for this distribution. The dividend breakdown comprises 0.58 SAR from retained earnings accumulated in Q4 2025 and 0.42 SAR from earnings in the 2026 period. This combined payment is entirely funded by retained earnings, not current operating cash flow.
Shareholders must be registered on the company's books by November 15, 2026, to receive the dividend, which will be credited directly to their portfolios on November 30, 2026, without any action required from them. The company advises shareholders to update their banking information (IBAN) before the November 15 eligibility date to avoid any delays in receiving their funds.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
