1320 · 27/04/2022 16:01:50 · Announcement #67982 · View on Saudi Exchange

Saudi Steel Pipe Co. Announces Non-distribution of Cash Dividends to Shareholders for Year Ended in 31st December 2021

Element ListExplanation
Introduction The Board of Directors of Saudi Steel Pipes Company (SSP) recommended not to distribute dividends for the financial year 2021 due to existence of accumulated losses as of December 31st, 2021. The recommendation will be presented to the next General Assembly for voting.
Date of the board’s decision 2022-04-27 Corresponding to 1443-09-26
Reasons for Not Recommending Distribution Existence of accumulated losses as of December 31st, 2021.
Approvals The recommendation will be presented to the next General Assembly for voting.

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