Group Five board proposes 5% cash dividend for 2024

Logo of Group Five Pipe Saudi Co.

Group Five Pipe Saudi Co.’s board of directors recommended on March 11 the payment of a cash dividend at 5% of capital, or SAR 0.5 a share, for 2024, according to a statement to Tadawul.

 

Cash Dividends (2024)

Current Capital

SAR 280 mln

Number of Shares

28 mln

Total Dividends

SAR 14 mln

Percentage of Capital

5% (SAR 0.5 a share)

Record Date

On the general meeting date (to be announced) and shareholders registered with Edaa

Payment Date

To be determined later
 

These are the first cash dividends by the company since its listing on Nomu-Parallel Market in September 2021, data compiled by Argaam showed.

 

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