Arabian Pipes Approves SAR 34M Dividend, Interim Payout Authority

Arabian Pipes Company shareholders approved a SAR 34 million cash dividend for 2025 at the ordinary general assembly held June 22, the company said. The payout works out to SAR 0.17 per share, or 17% of the stock's nominal value. Eligibility goes to holders registered at the Securities Depository Center (Edaa) by the end of the second trading day after the meeting date. The disbursement is scheduled to start Sunday, July 12.

The bigger move for the current year was the assembly's authorization for the board to distribute interim dividends on a semiannual or quarterly basis for fiscal 2026. That delegation signals management's confidence in the company's cash generation and gives the board room to adjust payout timing to earnings cadence, rather than locking in a single year-end distribution. For shareholders, the shift means potential for earlier and more frequent returns, though the actual amounts will depend on first-half results.

The meeting, held via modern technological means, achieved a 21.21% quorum on its second session. Aside from the dividend items, shareholders ratified the board's report, the company's 2025 financial statements, and the external auditor's report. The assembly also approved SAR 1.6 million in board remuneration for 2025, a standard governance item that closes out the prior year's administrative accounts.

The board's next concrete decision point will come when first-half 2026 earnings are finalized. If profit holds near the 2025 trajectory, the first interim dividend could land before year-end, offering a test of the new semiannual or quarterly framework.