Alujain ratifies 2025-26 dividend policy, rejects auditor appointment

09:02 AM (Mecca time) Argaam
One of Alujain's plants

One of Alujain's plants

Alujain Corp.’s shareholders approved the dividend distribution policy for 2025 and 2026, during the ordinary general assembly (OGM) held on May 18.
 

Shareholders ratified the dividends at a rate of SAR 0.75 per share on a quarterly basis, starting with Q1 2025 and ending with Q4 2026, Alujain said in a statement to Tadawul.

 

The dividend policy could change based on material shifts in the company’s strategy, business, investments, future projects, or any current or future financing commitments related to its projects.

 

Shareholders also authorized the board to distribute interim dividends semi-annually or quarterly for the fiscal year ending Dec. 31, 2025.

 

Meanwhile, they rejected the appointment of an external auditor for the company.

 

Alujain’s last cash dividend was 15% (SAR 1.5 per share) for H1 2022, Argaam data showed.

 

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