SISCO plans 8% dividend for 2020

28/02/2021 Argaam Exclusive

Saudi Industrial Services Co.’s (SISCO) board of directors recommended a 8% cash dividend for 2020, at SAR 0.80 per share, amounting to SAR 65.28 million.

Dividend Details

Current Capital

SAR 816 mln

Number of shares

81.6 mln

Dividend

SAR 65.28 mln

Percentage of capital

8% (equivalent to SAR 0.80 per share)

Record date

End of second trading day following the general assembly meeting

Payment date

To be announced

 

The utilization of the proceeds expected from the sale of the 21.2% direct equity stake in Red Sea Gateway Terminal Ltd. (RSGT), and any additional potential distribution to the shareholders, will be announced in due course, following an assessment by the board on SISCO’s ongoing investment requirements and the short and long term interests of both SISCO and its shareholders, the company said in the statement to Tadawul.

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) 44.94
P/BV 1.67
Dividend Yield 2.60 %
Market Cap. (M) 2,415.36
Return on Average Assets (0.23 %)
Return on Average Equity (0.89 %)

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