Watani Iron Steel Recommends 9.1M SAR H1 Dividend
Riyadh, Saudi Arabia — Watani Iron Steel Company’s board of directors has recommended distributing cash dividends totaling 9,082,500 SAR to shareholders for the first half of fiscal year 2026. The board made its recommendation on October 31, 2026. Dividend Details The payout works out to 0.05 SAR per share, equal to 5% of the share’s […] The post Watani Iron Steel Recommends 9.1M SAR H1 Dividend…
Watani Iron Steel Company's board of directors has recommended distributing cash dividends totaling 9,082,500 SAR for the first half of fiscal year 2026, with a per-share payout of 0.05 SAR, or 5% of the share's par value. The eligibility date for shareholders is based on the records at the end of the trading day when the General Assembly meeting is held, and shareholders must be registered with the Securities Depository Center Company (Edaa) by the end of the second trading day after entitlement.
The dividend yield is modest, and foreign investors should factor in a 5% withholding tax when calculating their after-tax income.
Brief written by urgent.news from The Saudi Standard's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
