SIIG board decides to withhold dividends for H2 2024, H1 2025

25/12/2024 Argaam
A SIIG factory

A SIIG factory

Saudi Industrial Investment Group’s (SIIG) board of directors decided, on Dec. 25, withholding the dividend payment for H2 2024 and H1 2025.

 

In a statement to Tadawul, the group clarified that the decision to put the dividend payment on hold was made to strengthen its financial position in the near future.

 

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Meanwhile, the board recommended a capital cut of 10% from SAR 7.54 billion to SAR 6.79 billion as it exceeds the company’s needs, the statement added.

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