The Saudi National Glass Industries Company (Zoujaj) scheduled a general shareholders“ meeting for 4 April 2004 to discuss and approve the board“s proposal for a cash dividend payment of SAR 2.5 (US…
The Saudi National Glass Industries Company (Zoujaj) scheduled a general shareholders“ meeting for 4 April 2004 to discuss and approve the board“s proposal for a cash dividend payment of SAR 2.5 (USD 0.67/EUR 0.55) per share for 2003, equal to 5.0% of the share par value, it was reported on 30 March 2004. The meeting will also review the company“s 2003 financial performance and elect a financial auditor for 2004. Zoujaj paid a dividend of SAR 2.5 per share for 2002. The firm was established as a joint-stock company in 1990 and has a paid-up capital of SAR 200 million (USD 53.3 million/EUR 43.8 million ). Zoujaj reported a 25 % year-on-year increase in net profit to SAR 28.9 million (USD 7.7 million/6.3 million EUR) for 2003.