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Saudi Steel Pipe Co. Announces Non-distribution of Cash Dividends to Shareholders for Year Ended in 31st December 2022

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Element List Explanation
Introduction The Board of Directors of Saudi Steel Pipes Company (SSP) recommended not to distribute dividends for the financial year 2022 due to existence of accumulated losses as of December 31st, 2022. The recommendation will be presented to the next General Assembly for voting.
Date of the board’s decision 2023-05-25 Corresponding to 1444-11-05
Reasons for Not Recommending Distribution Existence of accumulated losses as of December 31st, 2022.
Approvals The recommendation will be presented to the next General Assembly for voting.
Additional Information NA

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