SSP shareholders approve 7.5% cash dividend for 2025

Shareholders of SSP approved a 7.5% cash dividend for the 2025 fiscal year at the company’s ordinary general assembly meeting, the firm said in a statement. The dividend will be paid to shareholders of record as of the eligibility date set by the board, with distribution expected in the coming months. The payout matches the company’s stated dividend policy and reflects its cash flow position, the statement added.

SSP, a Saudi-listed industrial and services group, has paid consecutive dividends over the past several years. The 7.5% rate is based on the stock’s nominal value of SAR 10 per share, translating to SAR 0.75 per share for each held.

Shareholders also ratified the board’s recommendation during the meeting, with the dividend subject to final regulatory clearance from the Capital Market Authority. The approval follows SSP’s full-year 2024 financial results, which showed improved profitability and operating cash flow. The company did not disclose a specific record date in the statement.

The dividend approval comes as Saudi-listed firms continue to return capital to shareholders amid a growing focus on investor returns in the Tadawul market. Several industrial and petrochemical companies have maintained or increased payouts as commodity prices remain supportive.

SSP’s dividend yield, based on its recent trading price, places it above the average for the materials sector, though the stock has seen limited price movement year-to-date. The board has not indicated a change in future payout policy.

The company’s next quarterly earnings release is expected in late July. Investors tracking SSP can monitor its shareholder register for the upcoming ex-dividend date, which has not yet been announced. For broader stock market analysis, see AlphaScala’s coverage of Saudi equities.