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Riyadh Steel Plans 3.5M Riyal Dividend
Al Riyadh Steel Company announced a cash dividend distribution of 3.5 million Riyals for the first half of 2026, at a rate of 0.05 Riyals per share, equivalent to 5% of the share's nominal value. The dividends will be paid starting from October 7, 2026, to shareholders who hold shares by the end of trading on September 17, 2026, with the requirement to update banking information to ensure correct deposit of the amounts. It was also clarified that distributions to non-resident shareholders will be subject to a 5% withholding tax in accordance with the Saudi Income Tax system.
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