Riyadh – Mubasher: Arabian Pipes Company has announced the results of its ordinary general assembly meeting, held on June 22, 2026.
During the session, shareholders approved a total cash dividend distribution of SAR 34 million for 2025 and granted the Board of Directors the authority to distribute interim dividends for the 2026 fiscal year.
The meeting, which was the second assembly session, achieved a quorum with a 21.21% attendance rate and was conducted via modern technological means.
The approved dividend for the fiscal year ending on 31 December 2025 amounts to SAR 0.17 per share, representing 17% of the company’s nominal share value.
Eligibility for these dividends is designated for shareholders owning stock at the close of trading on the day of the assembly, as recorded in the company’s registry at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date.
The company confirmed that the disbursement of these funds is scheduled to commence on Sunday, 12 July 2026.
In a move to provide greater flexibility in shareholder returns for the current period, the assembly also authorized the Board of Directors to distribute interim dividends on a semiannual or quarterly basis for the 2026 fiscal year. This delegation of authority aligns with the company’s strategy to manage its capital distributions in accordance with its financial performance throughout the year.
Beyond dividend approvals, the assembly ratified several key financial and administrative items. Shareholders reviewed and approved the Board of Directors’ report, the company’s financial statements, and the external auditor’s report for the fiscal year ending 31 December 2025. Furthermore, the assembly approved the disbursement of SAR 1.6 million as remuneration for the Board of Directors for 2025.
