Riyadh — Mubasher: Watani Iron Steel Company announced that its board of directors recommended, in a 31 October meeting, the distribution of SAR 9.08 million in cash dividends to shareholders for the first half (H1) of 2026, according to a bourse filing.
The proposed payout amounts to SAR 0.05 per share, representing 5% of the nominal share value.
The distribution will be allocated across 181.65 million eligible shares.
Watani Iron Steel stated that the specific distribution date will be disclosed at a later time.
Meanwhile, eligibility for the dividend is set for shareholders owning stock at the end of trading on the day of the General Assembly meeting, which will be scheduled and announced at a later date.
The shareholders must also be registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.
Non-resident foreign investors are advised that these cash distributions will be subject to a 5% withholding tax upon transfer or credit to their accounts, in accordance with local tax regulations.
Shareholders are urged to update their banking information to ensure the timely receipt of funds.
In H1-26, Watani Iron Steel posted higher net profits at to SAR 25.83 million when compared to the same six months (6M) of 2025.
Watani Iron Steel has shifted to profitability during its first nine months (9M) and third quarter (Q3) periods of 2026.
