CEOFaisal Al Dabal, speaking to Al Arabiya TV on the sidelines of the Nomu Investors and Companies Day “Nomu Connect”
Al Dabal also pointed out that GAS usually relies on its internal resources to finance projects. “It currently has no loans and does not need bank borrowing, but if necessary — whether to execute projects or seize an investment opportunity — the company has agreements with local banks exceeding SAR 600 million,” he said. 
He clarified that the company’s internal liquidity currently stands at SAR 30 million, after distributing cash dividends to shareholders for H2 2024 and interim dividends for H1 2025.
Asked about the possibility of increasing dividend distributions during H2 2025 following the company’s transition to the Main Market, Al-Dabal said: “For the past 10 years, we have typically distributed cash dividends ranging between 45% and 60% of the company’s net income. If conditions are favorable and there is room to increase payouts, we will not hesitate and will submit the proposal to the company’s board of directors. We always strive to satisfy our investors as much as possible, while keeping in mind the company’s growth and sustainability.”
The company will publish the document regarding its move from the Nomu-Parallel Market to Tadawul’s Main Market (TASI) within two days, said the CEO, expecting the transition to take place in the first half of October.
According to Argaam’s data, Tadawul approved yesterday, Sept. 16, GAS request for transfer from the Nomu-Parallel Market to the Main Market (TASI). The stock was listed on Nomu on Feb. 7, 2022, with SAR 158 million capital, divided into 158 million shares, at a nominal value of SAR 1 apiece.
CEOFaisal Al Dabal, speaking to Al Arabiya TV on the sidelines of the Nomu Investors and Companies Day “Nomu Connect”
Al Dabal also pointed out that GAS usually relies on its internal resources to finance projects. “It currently has no loans and does not need bank borrowing, but if necessary — whether to execute projects or seize an investment opportunity — the company has agreements with local banks exceeding SAR 600 million,” he said.
He clarified that the company’s internal liquidity currently stands at SAR 30 million, after distributing cash dividends to shareholders for H2 2024 and interim dividends for H1 2025.
Asked about the possibility of increasing dividend distributions during H2 2025 following the company’s transition to the Main Market, Al-Dabal said: “For the past 10 years, we have typically distributed cash dividends ranging between 45% and 60% of the company’s net income. If conditions are favorable and there is room to increase payouts, we will not hesitate and will submit the proposal to the company’s board of directors. We always strive to satisfy our investors as much as possible, while keeping in mind the company’s growth and sustainability.”
The company will publish the document regarding its move from the Nomu-Parallel Market to Tadawul’s Main Market (TASI) within two days, said the CEO, expecting the transition to take place in the first half of October.
According to Argaam’s data, Tadawul approved yesterday, Sept. 16, GAS request for transfer from the Nomu-Parallel Market to the Main Market (TASI). The stock was listed on Nomu on Feb. 7, 2022, with SAR 158 million capital, divided into 158 million shares, at a nominal value of SAR 1 apiece.
