Build Station CEO says dividends exclude post-IPO profits

Build Station CEO says dividends do not include post-IPO profits and stresses focus on balancing company and shareholder interests.

Musaad Algfari, CEO and Managing Director of Marketing Home Group for Trading Co. (Build Station), said before the company’s IPO, it had retained earnings of about SAR 183 million, exceeding its SAR 160 million capital.
 

In a post on X, Algfari said total dividends paid and announced from those earnings since the IPO to date amounted to about SAR 120 million, or approximately 65% of retained earnings prior to the IPO.
 

He stressed that this percentage does not include profits generated by the company after the IPO, which were not included in the calculation.
 

The CEO noted that the company’s financial position is strong, with no debt or loans, adding that the firm has healthy and stable cash flows.
 

He said that days before the IPO, Build Station announced a dividend of SAR 3 per share for 2024 and SAR 1.5 per share for the first half of 2025, totaling SAR 4.5 per share, at SAR 0.75 per share for each quarter.
 

Regarding dividends for the second half of 2025, he said the company delayed the payout due to the geopolitical conditions in the region at the time, in order to assess their potential impact on the company and its financial position.
 

After confirming that conditions had stabilized and that there were no factors affecting the company’s financial position, the company paid SAR 2.25 per share for the first quarter of 2026. It also announced today a dividend of SAR 0.75 per share for the second quarter of 2026.
 

Total dividends paid from 2024 through Q2 2026 amounted to SAR 7.5 per share, or SAR 0.75 per share each quarter, or SAR 3 per share annually.
 

Algfari added that the company seeks to balance the interests of the company, its customers and shareholders in a way that ensures business sustainability and maintains the strength of its financial position.