MOBI Industry Approves SR 7.5M Dividend for Q1 2026
MOBI Industry Company (Ticker: 9517) announced that its board of directors approved an interim cash dividend of SR 7.5 million for the first quarter of 2026, representing SR 0.15 per share or 15% of par value.
Key Numbers
MOBI Industry Company (Ticker: 9517) announced on May 11, 2026 that its board of directors approved the distribution of interim cash dividends for the first quarter of 2026, with a total amount of SR 7.5 million. The dividend will be paid to 50 million eligible shares at SR 0.15 per share, representing 15% of the share's par value.
Dividend Details
| Item | Value |
|---|---|
| Total Dividend | SR 7.5 million |
| Eligible Shares | 50 million |
| Dividend Per Share | SR 0.15 |
| Dividend Yield (Par) | 15% |
| Eligibility Date | June 1, 2026 |
| Payment Date | June 17, 2026 |
Key Highlights
- The board decision was made on May 10, 2026.
- Non-resident investors are subject to a 5% withholding tax unless exempted by the Zakat, Tax and Customs Authority.
Future Guidance
No future dividend guidance was provided.
Impact on Stock
The dividend announcement is likely to be viewed positively by income-focused investors, reflecting the company's commitment to shareholder returns. However, the 15% payout ratio is moderate compared to some peers.
What This Means for Investors
This cash distribution provides a tangible return to shareholders, but investors should monitor the company's future earnings performance to assess sustainability of dividends.
Frequently Asked Questions
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