ZAIN KSA-

Telecom operator Zain KSA’s net income grew 2.3x y-o-y to SAR 1.3 bn in 2023, it said in a disclosure to Tadawul. Revenues were up 9% y-o-y to a record high of SAR 9.9 bn over the same period on the back of growth in B2B, 5G sector, digital products line and fintech subsidiary Tamam.

Dividends: The board of directors has proposed a dividend payout of SAR 449 mn at SAR per share for 2023, it said in a separate disclosure.

BAWAN CO-

Industrial group Bawan Co’s net income fell 16.5% y-o-y to SAR 136 mn in 2023mainly due to lower income from its metal and wood segments and a net loss of SAR 2.5 mn from discontinued operations from its concrete segment, it said in a disclosure to Tadawul. Revenues dipped 0.4% y-o-y to SAR 3.4 bn over the same period.

Dividends: The board has proposed a dividend payout of SAR 51 mn at SAR 0.85 per share for 2023, it said in a separate disclosure. Investors can cash out on Monday, 29 April.

OBEIKAN GLASS-

Glass manufacturer Obeikan Glass Co.‘s net income fell 64% y-o-y to SAR 64 mn in 2023, while revenues dropped 21.6% y-o-y to SAR 394 mn over the same period, it said in a disclosure to Tadawul.

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