AI Summary
Arabian Pipes Co.’s (APC) board recommended distributing cash dividends at 17% or SAR 0.17 per share for 2025.
|
Cash Dividends |
|
|
Current capital |
SAR 200 mln |
|
Number of shares |
200 mln |
|
Total dividends |
SAR 34 mln |
|
Percentage of capital |
17% (SAR 0.17 a share) |
|
Record Date |
Shareholders of record on the date of the upcoming general meeting, and those registered with Edaa on the second trading day following the general meeting date, which will be announced later. |
|
Payment Date |
To be determined later |
In a separate statement, APC board recommended a 26% capital increase from SAR 200 million to SAR 252 million, via a 1-for-4 bonus issue by capitalizing SAR 52 million from retained earnings.
|
Capital Increase Details |
|
|
Current capital |
SAR 200 mln |
|
Number of shares |
200 mln |
|
Capital after increase |
SAR 252 mln |
|
Number of shares after increase |
252 mln |
|
Percentage increase |
26% |
|
Reason |
To strengthen the company’s capital base, as well as future growth plans. |
|
Bonus shares |
1-for-4 bonus issue |
|
Method |
The increase will be implemented through capitalizing SAR 52 million from retained earnings by issuing 52 million new ordinary shares as follows: -Granting 50 million bonus shares to shareholders of record, who are registered with Edaa (representing 25% of the company’s capital prior to the increase, at one share for every four shares). -Allocating part of the newly issued shares resulting from the capital increase as treasury shares for the Employee Incentive Share Program under the long-term incentive plan, with 2 million shares allocated to the employee share program (representing 1% of the company’s capital prior to the increase). |
|
Record Date |
Shareholders of record and those registered with Edaa on the second trading day following the record date. |
Fractional shares, if any, will be aggregated into a single portfolio for all shareholders and sold at market price, with proceeds distributed to eligible shareholders pro rata in a period not exceeding 30 days.
The company added that the bonus share distribution is subject to obtaining approvals from the relevant authorities and the extraordinary general meeting (EGM).
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 23/02/2026 | - | - | 34.00 | 0.17 | |
| 27/02/2025 | 03/06/2025 | 26/06/2025 | 22.50 | 0.11 | |
| 29/12/2007 | 05/04/2008 | 16/04/2008 | 47.30 | 0.24 |
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 0.28 | 2.01 | 14.04 % |
| Last 5 Financial years | 0.28 | 3.48 | 8.12 % |
| Last 10 Financial years | 0.28 | 2.71 | 10.42 % |
| P/E (TTM) | 12.93 |
| P/E Before Unusual Items (TTM) | 14.14 |
| P/BV | 2.93 |
| Dividend Yield | 3.59 % |
| Market Cap. (M) | 1,428.00 |
| Return on Average Assets | 13.33 % |
| Return on Average Equity | 24.84 % |
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