KDL Logistics EGM approves 1.7% dividend for 2025

KDL Logistics said its extraordinary general meeting approved a 1.7% cash dividend for fiscal 2025. The payout, based on the stock's par value, will be distributed to shareholders of record on a date the board will set later.

The same EGM authorized the board to declare and pay interim dividends for fiscal 2026 without requiring additional shareholder approval. That gives management flexibility to return cash during the year as earnings materialize.

Khaled Dhafer and Brothers Logistics Services Co., known as KDL Logistics, provides freight forwarding, warehousing, and supply chain services across Saudi Arabia. The company listed on the Saudi Exchange in 2022.

The dividend approval follows a period of operational expansion. In its most recent annual report, KDL Logistics posted revenue growth and improved margins, supported by higher demand for third-party logistics in the region. The 1.7% payout ratio suggests the board is prioritizing shareholder returns while retaining capital for growth.

Interim dividends for 2026 will be determined by the board based on quarterly or half-year results. That structure is common among Saudi-listed companies and lets management adjust distributions to cash flow without convening a fresh EGM each time.

For shareholders, the dual approval removes uncertainty around this year's payout and signals confidence in the company's ability to generate consistent cash. The next catalyst is the board's decision on the first interim dividend, likely after the Q1 2026 earnings release.