Logo of Saudi Advanced Industries Co.
Saudi Advanced Industries Co. (SAIC) announced that the board of directors of its 31.62%-owned associate company, Deutsche Gulf Finance Co., recommended the distribution of cash dividend at SAR 0.5 per share for 2020, according to a bourse filing.
Accordingly, SAIC's dividend share will reach SAR 9.09 million.
The dividend recommendation is pending the approval of Deutsche Gulf Finance’s upcoming general assembly meeting.
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