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Hadid Riyadh shareholders approve 2025 payout

Hadid Riyadh shareholders approve 2025 payout

Shareholders of Riyadh Steel Company approved a distribution of cash dividends at a rate of 5% of the capital, totaling 3.5 million Saudi Riyals, for the year 2025. They also decided to delegate the board to distribute interim profits during 2026. Additionally, they approved an amendment to the company's bylaws to enhance flexibility in financial policies, appointed new members to the board of directors and external auditors, and made updates to the internal work regulations, all aimed at improving the company's management and financial agility.

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