Arabian Pipes proposes 17% dividend for 2025; 1:4 bonus issue

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

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.