LIVA shareholders approve no dividend for 2025

LIVA Insurance Co. shareholders voted to skip a cash dividend for the 2024 financial year, backing the board's recommendation to retain earnings. The decision, disclosed in a Tadawul filing, leaves the insurer with no payout for the period.

The company did not specify a reason for the move. Saudi insurers often hold back dividends to meet solvency capital requirements under the central bank's framework, or to fund operational needs. LIVA, which writes motor and health policies, has been navigating a market where premium growth has slowed and claims costs have risen.

The no-dividend vote follows a similar pattern at other Saudi-listed insurers. By contrast, TAM Development shareholders recently approved a 6.2% cash dividend for 2025, underscoring the range of payout policies across Tadawul-listed firms.

LIVA's stock closed at SAR 17.50 on the day of the meeting, little changed from the prior session. The company's next earnings release is due in the second quarter.