Saudi Electricity dividend

Saudi Energy’s board recommended a cash dividend of 0.70 Saudi riyals a share for fiscal 2025, keeping the utility’s annual payout at 2.92 billion riyals. (saudiexchange.sa) The recommendation was disclosed on March 3, 2026, after a board meeting on March 2, 2026. The company said 4,166,593,815 shares would be eligible, with payment and record dates to be announced after the general assembly meeting. (saudiexchange.sa) For foreign investors outside Saudi Arabia, the company said dividend payments routed through resident brokers are subject to a 5% withholding tax under the kingdom’s income tax rules. Shareholders with exemptions must contact the company within five calendar days of the due date. (saudiexchange.sa) The payout came with a sharp rebound in reported earnings. Saudi Energy said 2025 revenue rose 15.28% to 102.2 billion riyals, while net profit attributable to shareholders jumped 88.95% to 12.98 billion riyals. (saudiexchange.sa) The company said the gains were driven by higher allowed revenue from growth in its regulated asset base, stronger electricity demand, higher production revenue and an expanding subscriber base. It also said higher operating costs, receivables provisions and financing charges partly offset those gains. (saudiexchange.sa) Saudi Energy is the company formerly known as Saudi Electricity. The Saudi Exchange posted the trading-name change from “Saudi Electricity” to “Saudi Energy” on March 2, 2026, days after the company announced a broader rebrand on February 26, 2026. (saudiexchange.sa, spa.gov.sa) That name change landed alongside the dividend and annual results, giving investors three signals at once: a rebrand, a profit rebound and a proposed cash return. AGBI reported the shares closed 2.07% higher at 13.79 riyals on March 3, 2026, though they were still down 1.85% for the year at that point. (agbi.com) The company has tied its recent growth to expansion of the electricity grid, which regulators treat like a rate base that earns allowed revenue over time. In 2024 and 2025 disclosures, it repeatedly pointed to a larger regulated asset base and higher demand as the main drivers of sales growth. (saudiexchange.sa, saudiexchange.sa) The next step is shareholder approval. Until the general assembly sets the timetable, the 0.70-riyal dividend is a board recommendation, not yet a paid distribution. (saudiexchange.sa)