SIIG plans 5% dividend for H1 2020

16/04/2020 Argaam Exclusive

The board of directors of Saudi Industrial Investment Group Co. (SIIG) recommended on April 15 distributing 5% cash dividend for the first half of 2020, at SAR 0.50 per share, amounting to SAR 225 million, the company said in a bourse filing on Thursday.

Dividend Details (H1 2020)

Current Capital

SAR 4.5 bln

Number of shares

450 mln

Dividend

SAR 225 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

(June 30, 2020) Shareholders of record at Edaa on the end of the second trading day following the due date.

Payment date

To be announced later

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Valuation Data (Latest Share Price)

P/E (TTM) 41.70
P/E Before Unusual Items (TTM) 41.70
P/BV 1.58
Dividend Yield 4.50 %
Market Cap. (M) 15,896.09
Return on Average Assets 3.60 %
Return on Average Equity 3.72 %

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