{"id":83995,"date":"2024-03-04T00:00:00","date_gmt":"2024-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/04\/more-earnings-zain-ksa-bawan-obeikan-glass-report-financial-results\/"},"modified":"2024-03-04T00:00:00","modified_gmt":"2024-03-04T00:00:00","slug":"more-earnings-zain-ksa-bawan-obeikan-glass-report-financial-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/04\/more-earnings-zain-ksa-bawan-obeikan-glass-report-financial-results\/","title":{"rendered":"More earnings: Zain KSA, Bawan, Obeikan Glass report financial results"},"content":{"rendered":"

\n

ZAIN KSA-<\/p>\n

Telecom operator Zain KSA\u2019s net income <\/strong>grew 2.3x y-o-y to SAR <\/strong>1.3 bn in 2023<\/strong>, it said in a disclosure to Tadawul<\/a>. 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. <\/p>\n

Dividends:<\/strong> 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<\/a>. <\/p>\n

\n

BAWAN CO-<\/p>\n

Industrial group <\/strong>Bawan Co<\/a><\/strong>\u2019s net income fell 16.5% y-o-y to SAR 136 mn in 2023<\/strong>mainly 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<\/a>. Revenues dipped 0.4% y-o-y to SAR 3.4 bn over the same period. <\/p>\n

Dividends:<\/strong> 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<\/a>. Investors can cash out on Monday, 29 April.<\/p>\n

\n

OBEIKAN GLASS-<\/p>\n

Glass manufacturer <\/strong>Obeikan Glass Co.<\/a><\/strong>'s net income fell 64% y-o-y to SAR 64 mn <\/strong>in 2023<\/strong>, while revenues dropped 21.6% y-o-y to SAR 394 mn over the same period, it said in a disclosure to Tadawul<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Bawan\u2019s net income fell 16.5% y-o-y to SAR 136 mn in 2023<\/p>\n","protected":false},"author":1,"featured_media":83996,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[2740,285,10,455,414],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-bawan","tag-earnings-watch","tag-enterpriseam-ksa","tag-obeikan-glass","tag-zain-ksa","wpautop","entry"],"acf":{"mongo_id":"39385dab-d09f-4c64-80fc-6679d2f48f6f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/78.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More earnings: Zain KSA, Bawan, Obeikan Glass report financial results","related_issue":[83984],"teaser":"Bawan\u2019s net income fell 16.5% y-o-y to SAR 136 mn in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.49261f08-bd81-4f1a-9cd4-a4e8ad3a8072.mp3"},"yoast_head":"\nMore earnings: Zain KSA, Bawan, Obeikan Glass report financial results - 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