Riyadh — Mubasher: Riyadh Steel Company’s board of directors has approved a cash dividend distribution of SAR 3.50 million for the first half (H1) of 2026.
The payout is equivalent to 5% of the share nominal value.
The company confirmed that the distribution will be allocated across 70 million eligible shares, resulting in a dividend of SAR 0.05 per share.
Eligibility for the payout is set for shareholders owning stock at the close of trading on 17 September 2026, and who are registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.
According to the disclosure, the distribution process is scheduled to commence on 7 October 2026.
The company noted that dividends paid to non-resident foreign investors will be subject to a 5% withholding tax in accordance with Article 68 of the Income Tax Law.
Payments will be processed via Edaa and transferred directly to shareholders' linked investment accounts.
The company recorded a 145.76% surge in net profit to SAR 6.03 million during H1-26 compared to SAR 2.45 million in H1-25.
