Group Five BOD recommends a 5% cash dividend for 2024

Group Five Saudi Pipes announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2024, totaling SAR 14 million. The dividend per share will be SAR 0.5, at a dividend ratio of 5% to the nominal value of the share.

The company stated that the number of shares eligible for dividends is 28 million, indicating that the distribution date will be announced later.

Dividends will be due to shareholders who own the company’s shares at the end of the due date, the day of the company’s general assembly (which will be announced later), and who are registered in the company’s shareholder register with the Securities Depository Center Company (Edaa).