AlQurain Automotive approves the distribution of 62.5% cash dividends

تم النشر على Alanba Newspaper في 12 يونيو 2024
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On May 23, 2024, the ordinary and extraordinary general assembly of AlQurain Automotive Trading Company convened with an impressive attendance rate of 99.875%. During the meeting, the General Assembly approved the distribution of cash dividends to shareholders, amounting to 62.5% of the capital, resulting in earnings per share of 60 fils for the year 2023. 

 Ahmed Abdulaziz Al-Mutawa, the Chairman of the Board of Directors and CEO, highlighted a significant increase in total operating revenues by 28% in 2023 compared to 2022. This growth was primarily driven by higher vehicle sales and revenues from after-sales services. Additionally, there was a 12.6% increase in total profit and a 5% rise in operating profit compared to the previous year's figures. 

Assemblies
distribute profits

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