CGS Board Proposes 23.3% Dividend for 2025/26

The board of CGS has proposed a cash dividend of 23.3% for the 2025/26 financial year, the company said in a filing. The payout, subject to shareholder approval at the annual general meeting, would distribute 23.3 Saudi riyals per share.

CGS did not disclose the total dividend pool or the record date in the filing. The company last paid a dividend of 18% for the 2024/25 year, meaning the proposed payout represents an increase of nearly 30% from the prior distribution.

The dividend proposal comes as CGS has been expanding its operational footprint. The company recently opened a new regional office in Riyadh to support its growing client base in the Kingdom. That expansion has been funded through operating cash flow, the company said in earlier filings.

Shareholders will vote on the proposal at the AGM, the date of which has not yet been set. If approved, the dividend would be paid in a single installment following the meeting.

CGS shares trade on the Saudi Exchange under the ticker 8310. The stock has risen 12% year to date, outperforming the broader Tadawul All Share Index, which is up roughly 8% over the same period.