AI Summary
Arabian Pipes Co.'s shareholders approved cash dividends for 2024 at 15% of capital, or SAR 0.15 a share, during an extraordinary general meeting (EGM) on June 3, according to a Tadawul statement.
|
Dividend Details |
|
|
Current Capital |
SAR 150 mln |
|
Number of Shares |
150 mln |
|
Nominal Value |
SAR 1 |
|
Total Dividend |
SAR 22.5 mln |
|
Percentage of Capital |
15% (SAR 0.15/share) |
|
Record Date |
June 3, 2025 (Shareholders of record who are registered with Edaa by the close of the second trading day following the EGM date, to be announced later |
|
Payment Date |
June 26, 2025 |
Shareholders also approved authorizing the board to distribute cash dividends on a semi-annual or quarterly basis in 2025.
Moreover, they approved a capital increase from SAR 150 million to SAR 200 million by capitalizing part of retained earnings. The hike will be executed through a one-for-three bonus share distribution.
|
Capital Increase Details |
|
|
Current Capital |
SAR 150 mln |
|
Current Number of Shares |
150 mln |
|
Percentage Increase |
33% |
|
New Capital |
SAR 200 mln |
|
New Number of Shares |
200 mln |
|
Method |
One-for-three bonus share distribution |
|
Reserve Value |
SAR 50 mln will be capitalized from retained earnings |
|
Record Date |
June 3, 2025 (Shareholders of record who are registered with Edaa by the close of second trading day following the record date) |
|
Reason |
To support and strengthen the capital base and future activities of the company |
The Saudi Exchange (Tadawul) said Arabian Pipes’s fluctuation limit will be based on a share price of SAR 6.61 as of today, June 4. Outstanding orders will be canceled.
The Securities Depository Center (Edaa) will deposit the bonus shares into investor portfolios by June 12.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 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 | 0.11 | 3.29 | 3.42 % |
| Last 5 Financial years | 0.11 | 2.53 | 4.45 % |
| Last 10 Financial years | 0.11 | 4.02 | 2.80 % |
| P/E (TTM) | 8.64 |
| P/E Before Unusual Items (TTM) | 8.64 |
| P/BV | 2.50 |
| Dividend Yield | 1.23 % |
| Market Cap. (M) | 1,132.00 |
| Return on Average Assets | 14.22 % |
| Return on Average Equity | 32.80 % |
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