Group Five Pipe Saudi Co. announces the board of director’s recommendation to distribute cash dividends for 2024
| Element List | Explanation |
|---|---|
| Introduction | Group Five Pipe Saudi Co. announces the Board of Directors recommendation to distribute cash dividends to shareholders for the fiscal year 2024. |
| Date of the board’s recommendation | 2025-03-11 Corresponding to 1446-09-11 |
| The Total amount distributed | SAR 14,000,000 |
| Number of Shares Eligible for Dividends | 28,000,000 shares |
| Dividend per share | SAR 0.5 per share |
| Percentage of Dividend to the Share Par Value (%) | 5 |
| Eligibility date | The eligibility of dividends shall be for the Shareholders who own the Company’s shares by the end of the eligibility date, the date of the Company’s General Assembly (which will be announced at a later date), and registered in the Company's register at the Securities Depository Center Company (Edaa). |
| Distribution Date | The distribution date will be announced later. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | In addition, we would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to a withholding tax of 5% according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.
We are pleased to receive your inquiries or comments by contacting our Investor Relations Department through: Tel: 0138123110 E-mail: investor.relations@g5ps.com |
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