Saudi Steel Pipe board proposes no dividend for 2022

25/05/2023 Argaam
Logo of Saudi Steel Pipe Co.

Logo of Saudi Steel Pipe Co.

Saudi Steel Pipe Co.’s (SSP) board of directors recommended today, May 25, paying no dividends for 2022.

 

The company cited accumulated losses for the previous year, according to a statement to Tadawul.

 

It added that the proposal is pending the approval of the upcoming general assembly.

 

Accumulated losses reached SAR 6.2 million as of 2022, accounting for 1.2% of SSP’s capital, Argaam earlier reported.

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