Group Five shareholders to vote on 5% dividend for 2024 on June 23

02/06/2025 Argaam

Shareholders of Group Five Pipe Saudi Co. will vote on the board’s recommendation to pay a 5% cash dividend, or SAR 0.5 per share, for 2024, during an ordinary general meeting (OGM) scheduled for June 23.

 

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

June 23, 2025 (Shareholders registered with Edaa)

Payment Date

Within 15 business days from the record date
 

This is the first cash dividend by the company since its listing on Nomu-Parallel Market in September 2021, data compiled by Argaam showed.

 

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