Josef Fares gets extra dividend
Photo: Christine Olsson/TT

Josef Fares gets extra dividend of SEK 432 million from Hazelight owner Drillbazz

Things are going well for Josef Fares' companies Drillbazz and Hazelight. The companies' success last year meant that the Swedish entrepreneur was recently able to withdraw just over 400 million kronor in an extra dividend.

According to the news site Breakit, Hazelight made a profit of 735 million kronor last year, and the owner company Drillbazz had almost a billion kronor in equity.

On Tuesday, Josef Fares, who is the sole owner, received an extra dividend of SEK 432 million at an extraordinary general meeting.

Game developer Hazelight received the government's export award in June, citing that it combines "artistic height with global impact."

Corrected: In a previous version there was an inaccuracy regarding Drillbazz's assets.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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