Paper Home shareholders authorize board to pay interim dividends for 2024

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Shareholders of Paper Home Co. authorized the board of directors to distribute semi-annual or quarterly dividends for 2024, during the ordinary general meeting (OGM) on June 5.

In a statement to Tadawul, the company said that shareholders also greenlit the transactions and contracts made between the company and Al-Kharj Investment Co., which is wholly owned by Board Chairman Yacoub Al-Maghrabi, where he has an indirect interest.

The interest is payment of the balance due to the related party according to the prevailing market conditions in at a total of SAR 4.7 million. A financing to support operations in the factory according to the prevailing market conditions in at a total of SAR 790,000, and the rent of the factory land owned by Al-Maghrabi according to the prevailing market conditions at SAR 300,000.