Saudi Networkers OKs SAR 2/share dividend, 1:4 bonus issue

Logo of Saudi Networkers Services Co.

Saudi Networkers Services Co.’s board recommended today, Sept. 8, the distribution of a cash dividend at 20% of capital, or SAR 2 per share, for H1 2025, according to a statement to Tadawul.

 

Dividend Details (H1 2025)

Current Capital

SAR 60 mln​

Number of Shares

6 mln 

Total Dividend

SAR 12 mln

Percentage of Capital

20% (SAR 2 per share)

Record Date

Sept. 11, 2025

Payment Date

Sept. 25, 2025
 
 

In a separate statement, the company said its board recommended increasing capital by 25% through a bonus share issue. This will be done by capitalizing SAR 15 million from retained earnings by granting one bonus share for every four shares owned.

 

Capital Increase Details

Current Capital

SAR 60 mln

Number of Shares

6 mln

New Capital

SAR 75 mln

New Number of Shares

7.5 mln

Percentage of Increase

25%

Reason for Increase

Strengthen the company's strategic growth plan and future expansion needs, as well as reaffirming its financial solvency and financial position

Number of Distributed Shares       

One bonus share will be granted to each shareholder who owns four shares

Method

Capitalizing SAR 15 mln from retained earnings

Record Date

Shareholders of record and those registered with Edaa at the end of the second trading day following the record date

 

In the case of fraction bonus shares, these will be collected into a single investment portfolio and sold at market price within 30 days from the date of allotment of new shares to each shareholder is determined.

 

The capital increase is subject to the approval of the competent authorities and the company's EGM, the statement said.

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