Group Five Pipe shareholders approve 43% dividend for 2025

Group Five Pipe Saudi Co. shareholders voted June 14 to distribute a 43% cash dividend for the 2025 financial year. The payout matches the board recommendation included in the ordinary general assembly notice.

In Saudi Arabia, dividends are expressed as a percentage of the SAR 10 par value. The approved amount works out to SAR 4.3 per share. The company has not yet set a record date or payment schedule; both will be disclosed after the Capital Market Authority clears the resolution.

The dividend will be funded from retained earnings. The company has no outstanding borrowings tied to the distribution, according to its board statement. For income-focused holders, the absolute payout is fixed at SAR 4.3 per share; the effective yield will depend on the share price when the ex-dividend date arrives.

The OGM also adopted the board’s annual report and the auditor’s report, standard items for such meetings.

Group Five Pipe’s next scheduled update is first-half earnings in August. That report will provide fresh detail on cash generation and the order backlog, both relevant to the dividend’s sustainability. The cash outflow from the payout will appear in the second-half accounts.

The CMA clearance notice typically arrives within a few weeks of the OGM. Until then, the dividend timeline remains the outstanding variable for shareholders tracking the payout.