Sure Global Tech Shareholders Approve 15% Cash Dividend

Sure Global Tech Co. shareholders approved the board's recommendation to pay a cash dividend of 15% of capital, or SAR 1.5 per share, for 2025.

The dividend, which requires final regulatory sign-off, would distribute roughly SAR 45 million to shareholders based on the company's current share count. Sure Global Tech, a Riyadh-based information technology and cybersecurity firm, has paid a dividend in each of the past three fiscal years.

Shareholders approved the payout at an extraordinary general meeting, the company said in a filing. The record date and payment schedule were not disclosed in the announcement.

Sure Global Tech shares trade on the Saudi Exchange's main market under the ticker 9550. The stock has risen about 8% year to date, giving the company a market capitalization near SAR 1.2 billion.

The dividend yield, based on the current share price, works out to roughly 3.7%. That puts the payout in line with the average yield for Saudi-listed technology companies, which hovers around 3.5% to 4%, according to exchange data.

Sure Global Tech provides cybersecurity consulting, managed security services, and digital infrastructure solutions to government and corporate clients in the kingdom. The company reported net profit of SAR 62 million for 2024, up 12% from the prior year.

The dividend recommendation was first proposed by the board in March. No further shareholder meetings on the payout are expected before disbursement.