Riyadh Steel Approves SAR 0.05 Per Share Dividend
RIYADH STEEL 9588.SA | 0.00 |
Riyadh Steel Co. announced on June 9, 2026 the results of its Extraordinary General Assembly Meeting (Second Meeting) held on June 8, 2026 at 8:45 PM remotely via modern technology with 64.60% shareholder attendance. The assembly approved cash dividends of SAR 0.05 per share (5% of capital) totaling SAR 3,500,000 for fiscal year 2025, to be distributed within 15 working days from the maturity date. Key approvals included the appointment of Mr. Bassam bin Mohammed Al-Bassam as an independent board member until January 17, 2027, the selection of Alzoman Alfahad & Alhajjaj professional services as auditor for specified quarters of 2026-2027 with fees of SAR 315,000, and authorization for the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for fiscal year 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95956&anCat=1&cs=9588&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
