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East Pipes Integrated Company for Industry announces the board of director’s recommendation to distribute cash dividends for FY 2024-2025
| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry is pleased to announces the board of director’s recommendation to the general assembly to distribute cash dividends for FY 2024–2025. |
| Date of the board’s recommendation | 2025-05-21 Corresponding to 1446-11-23 |
| The Total amount distributed | SAR 78,750,000 |
| Number of Shares Eligible for Dividends | 31,500,000 shares |
| Dividend per share | SAR 2.5 per share |
| Percentage of Dividend to the Share Par Value (%) | 25 |
| Eligibility date | The eligibility for dividends will be for the shareholders who own the shares at the end of the second trading day following the day of the General assembly of the company, which will be announced later. |
| Distribution Date | The distribution date within 15 days from eligibility date (will be announced later). |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | None. |
| Additional Information | We would like to draw the attention of our esteemed shareholders to the detail that the company has distributed semi-annual dividends for the same fiscal year at a value of SAR 1.5 per share. Accordingly, the total dividends for the fiscal year 2024–2025 amount to SAR 4 per share (including both distributed and recommended dividends). We also urge our valued shareholders to update their information and ensure that their bank account numbers are linked to their investment portfolios, in order to guarantee the deposit of their dividends into their bank accounts on the distribution date, following the approval of the General Assembly. For non-resident investors, cash dividends transferred through a resident financial intermediary or recorded in their account are subject to a withholding tax of 5%, in accordance with Article (68) of the Tax Law and Article (63) of its Implementing Regulations. In the event of any inquiries, please contact the Investor Relations Department Phone: + 966 (13) 8616704 Email: IR@eastpipes.com |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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