Electrical Industries Co. (SASE:1303), a leading Saudi electrical services provider, has announced a cash dividend of 0.125 Saudi riyal per share for the second half of 2024. This marks a significant 66% increase compared to the 0.075 riyal per share distributed in the same period last year.
The dividend will be paid on April 13, 2025, to shareholders who are on record as of March 20, 2025. This increase reflects Electrical Industries’ strong financial performance and commitment to rewarding investors amid steady growth in Saudi Arabia’s industrial and energy sectors.
The company’s decision to raise dividends aligns with Saudi Arabia’s Vision 2030 initiative, which aims to boost local industries and infrastructure development. With growing demand for electrical solutions in the Kingdom, Electrical Industries continues to strengthen its market position, making it an attractive choice for dividend-seeking investors.
As the Saudi stock market gains momentum, investors will closely watch Electrical Industries’ future earnings performance and potential further increases in dividend payouts.
