Saudi: GASCO’s board passes cash dividends for H1-24

Investors monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh November 12, 2014.
Reuters/Faisal Al Nasser

GASCO will disburse a dividend of SAR 1.10 per share for 75 million eligible shares, according to a bourse disclosure

Staff Writer, Mubasher

June 4, 2024

PHOTO
Investors monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh November 12, 2014.

The board of National Gas and Industrialization Company (GASCO) approved cash dividends valued at SAR 82.50 million, representing 11% of the capital, for the first half (H1) of 2024.

GASCO will disburse a dividend of SAR 1.10 per share for 75 million eligible shares, according to a bourse disclosure.

Eligibility and payment dates for the H1-24 dividends will be 8 and 22 July 2024, respectively.

In the first quarter (Q1) of 2024, the Saudi company logged net profits valued at SAR 78.60 million, up 7.67% year-on-year (YoY) from SAR 73 million.

Revenues increased by 14.94% to SAR 706.80 million in Q1-24 from SAR 614.90 million in Q1-23.

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