Arabian Pipes Shareholders Approve 17% Cash Dividend for 2025

Shareholders of Arabian Pipes Co. approved a cash dividend of 17% of capital, or SAR 0.17 a share, for 2025. The vote came at an ordinary general meeting, backing a recommendation from the board. The dividend is equal to 17% of the company's paid-up capital.

Arabian Pipes manufactures steel pipes for oil, gas, and water projects. Its operations are tied to infrastructure spending in Saudi Arabia and the broader Middle East. The approval follows the company's annual earnings for 2024, though the dividend payout ratio relative to net income was not disclosed.

Listed on the Saudi stock exchange, Arabian Pipes trades under the ticker 2340. The stock has declined about 12% year-to-date, roughly in line with the broader Tadawul index. The dividend approval may provide some support for the share price as income-oriented investors lock in the yield.

The dividend will be paid to shareholders of record as of a date to be announced. The company has not yet set the payment schedule.