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APICO Shareholders Approve 15% Cash Dividend for 2025
APICO shareholders approved a 15% cash dividend for 2025, signaling confidence in cash flows. The payout awaits regulatory clearance and a record date.
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Arabian Plastic Industrial Co. (APICO) said its shareholders approved a board recommendation to distribute a cash dividend at 15% of capital for the 2025 fiscal year. The vote took place at the company's general assembly meeting, the firm said in a statement.
The dividend, which amounts to 15% of the company's paid-up capital, is subject to regulatory clearance from the Saudi Capital Market Authority. APICO said it will announce the record date and payment schedule once approvals are final.
APICO manufactures plastic products for industrial and consumer markets, including packaging, construction materials, and automotive components. The company is listed on the Saudi Stock Exchange (Tadawul) under the ticker APICO.
The dividend approval comes as Saudi-listed companies have been increasing payouts to shareholders, supported by strong corporate earnings and a favorable economic backdrop. For APICO, the 15% dividend signals that the board sees sufficient cash flow to reward shareholders while retaining enough capital for operations and growth.