Saudi Energy Company (SE) announced that its Board of Directors recommended distributing cash dividends to shareholders for fiscal year 2025, marking a notable return of capital to investors as the company closes out a full financial year.
The board made its recommendation at a meeting held on March 2, 2026. The proposal will now go before the General Assembly of Shareholders for formal approval.
If shareholders ratify the recommendation, the total payout will amount to approximately SAR 2.92 billion, one of the more substantial dividend distributions in the Saudi energy sector in recent memory.
The dividend is set at SAR 0.70 per share, representing 7% of the share par value. A total of 4.17 billion shares are eligible for the distribution, reflecting the company’s broad shareholding base. The eligibility date for the dividend has not yet been fixed, it will be determined by the outcome of the General Assembly meeting.
Shareholders registered at the end of the second trading day following the meeting’s convening date will qualify for the payout. The exact payment date is also to be announced later.
The announcement carries particular significance for the company’s foreign shareholder base. Saudi Energy Company flagged that non-resident investors are subject to a 5% withholding tax on dividend distributions, in line with Article 68 of the Kingdom’s Income Tax Law and Article 63 of its Implementing Regulations.
The company has urged non-resident shareholders who hold tax exemption certificates issued by the Zakat, Tax and Customs Authority to proactively contact the company within five calendar days of the due date and submit supporting documentation, a narrow window that places the onus squarely on investors to act promptly.
On the domestic side, the company has encouraged all shareholders to ensure their banking information is current so that dividends can be deposited directly into their accounts without delay.
The recommendation signals confidence in the company’s 2025 financial position and its continued ability to generate distributable profits. With the General Assembly date yet to be confirmed, investors will watch closely for the formal calendar, particularly as the eligibility window opens and closes within a short timeframe after the convening date.