AI Summary
Saudi Steel Pipe Co.’s (SSP) shareholders approved the board of directors’ proposal of a SAR 10% (SAR 1 per share) regular dividend for 2024, in addition to 29.5% (SAR 2.95/share) extraordinary dividend.
The approval was granted at the ordinary general meeting (OGM) held on June 3 the company said in a statement on Tadawul.
|
Dividend Details (2024) |
|
|
Current Capital |
SAR 510 mln |
|
Number of Shares* |
51 mln |
|
Regular Dividend |
SAR 50.54 mln |
|
Percentage of Capital |
10% (SAR 1 per share) |
|
Extraordinary Dividend |
SAR 149.1 mln |
|
Percentage of Capital |
29.5% (SAR 2.95 per share) |
|
Total Dividend |
SAR 199.64 mln |
|
Percentage of Capital |
39.5% (SAR 3.95 per share) |
|
Record Date |
June 3, 2025 (Shareholders registered with Edaa by the close of the second trading day after the record date) |
|
Payment Date |
June 22, 2025 |
Shareholders also approved the election of board members from among the candidates for the upcoming three-year term ending June 6, 2028.
The elected members are Mohammed Alshaya, Rinoar Barzanji, Hoon Park, Carlos Andres Ferreira, Yves Walid, Youngwook Kang, Salman Akbar, Badr Al-Ruzaiza, and Martin Faraco, the statement added.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 07/05/2025 | 03/06/2025 | 22/06/2025 | 50.54 | 1.00 | |
| 07/05/2025 | 03/06/2025 | 22/06/2025 | 149.10 | 2.95 | |
| 23/05/2024 | 24/06/2024 | 07/07/2024 | 37.50 | 0.74 | |
| 07/07/2015 | 09/07/2015 | 30/07/2015 | 25.50 | 0.50 | |
| 24/02/2015 | 01/04/2015 | 21/04/2015 | 25.50 | 0.50 | |
| 16/07/2013 | 17/07/2013 | 01/08/2013 | 38.25 | 0.75 | |
| 18/02/2013 | 03/04/2013 | 18/04/2013 | 38.25 | 0.75 | |
| 20/02/2012 | 19/03/2012 | 04/04/2012 | 38.25 | 0.75 | |
| 26/09/2011 | 28/09/2011 | 22/10/2011 | 38.25 | 0.75 | |
| 13/12/2010 | 07/03/2011 | 21/03/2011 | 51.00 | 1.00 |
| 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 | 4.69 | 25.45 | 18.41 % |
| Last 5 Financial years | 4.69 | 21.00 | 22.31 % |
| Last 10 Financial years | 5.19 | 24.58 | 21.10 % |
| P/E (TTM) | 14.16 |
| P/E Before Unusual Items (TTM) | 17.46 |
| P/BV | 3.50 |
| Dividend Yield | 6.01 % |
| Market Cap. (M) | 2,743.80 |
| Return on Average Assets | 11.53 % |
| Return on Average Equity | 24.59 % |
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