Saudi Industrial Investment Group (SIIG) will pay 5% cash dividend (SAR 0.5 per share) to shareholders for the second half of 2020 on Jan. 14, 2021, the company said in a bourse statement.
Shareholders of record on Dec. 31, 2020, including those registered at the Securities Depository Center (Edaa) two days after this date, are eligible to receive the dividend.
|
Dividend Details (H2 2020) |
|
|
Current Capital |
SAR 4.5 bln |
|
Number of shares |
450 mln shares |
|
Dividend |
SAR 225 mln |
|
Percentage of capital |
5% (equivalent to SAR 0.50 per share) |
|
Record date |
Dec. 31, 2020 (Shareholders of record at Edaa on the end of the second trading day following the due date) |
|
Payment date |
Jan. 14, 2021 |
The company also said that dividend distribution will be processed to eligible shareholders through Riyad Bank branches and dividend will be transferred to shareholders’ bank accounts linked to their portfolios.
On Dec. 22, 2020, the company’s board of directors recommended a 5% cash dividend, or SAR 0.5 per share, for H2 2020, according to data compiled by Argaam.
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