Saudi Pipe shareholders approve 2023 cash dividend of SAR 0.74 per share

Saudi Steel Pipe Company’s Ordinary General Assembly (First Meeting) has approved the Board of Directors’ recommendation to distribute cash dividends totalling SAR 37.5 million for 2023, at a rate of SAR 0.74 per share, representing 7.4% of the nominal share value.

The assembly also approved the discharge of the Board of Directors members for 2023 and the disbursement of SAR 2.2 million remuneration to them for the same period. Additionally, the participation of four Board members in activities competing with the company’s business was approved.