Saudi Steel Pipe shareholders approve 2022 dividend freeze

21/06/2023 Argaam
Logo ofSaudi Steel Pipe Co.

Logo of Saudi Steel Pipe Co.

Saudi Steel Pipe Co.’s (SSP) shareholders approved the board recommendation to withhold dividends for the year ended Dec. 31, 2022, during the ordinary general meeting (OGM) held on June 20.

 

Other agenda items were ratified, including a number of business contracts in which the board members are indirectly related parties, according to a statement to Tadawul.

 

The board of directors proposed in May to withhold dividends for 2022 due to accumulated losses.

 

Accumulated losses reached SAR 6.2 million by Dec. 31, 2022, representing 1.2% of capital.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.