Saudi Advanced Industries Co.’s (SAIC) shareholders have approved a 2.5 percent cash dividend for the first nine months of 2018, during the general assembly meeting held on April 29, the company said in a bourse statement.
Shareholders have also approved audited financial statements and audit report for the fiscal year 2018 and the board report for the same period and discharged board members from liabilities during FY 2018.
Meanwhile, they approved all other items on the meeting’s agenda including delegating the board of directors to distribute cash dividend for FY 2019.
|
Dividend Details (9M 2018) |
|
|
Current Capital |
SAR 500 mln |
|
Number of shares |
50 mln |
|
Dividend |
SAR 12.50 mln |
|
Percentage of capital |
2.5% (SAR 0.25 per share) |
|
Record date |
Feb. 28, 2019 |
|
Payment date |
March 13, 2019 |
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