{
  "id": 17549256,
  "title": "Watani Iron Steel Recommends 9.1M SAR H1 Dividend",
  "url": "https://urgent.news/2026/11/01/watani-iron-steel-recommends-9-1m-sar-h1-dividend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T06:50:52.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/11/01/watani-iron-steel-recommends-9-1m-sar-h1-dividend/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}