Group Five shareholders nod to 5% dividend for 2024

09:14 AM (Mecca time) Argaam
Logo ofGroup Five Pipe Saudi Co.

Logo of Group Five Pipe Saudi Co. 

Shareholders of Group Five Pipe Saudi Co. gave the go-ahead on June 23 for the board’s recommendation to pay a 5% cash dividend, or SAR 0.5 per share, for 2024. 

 

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
 

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