Riyadh – Mubasher: Saudi Advanced Industries Company’s (SAIC) board decided distributing cash dividends of the second half of 2017 for shareholders registered at the end of trades on 3 July.
The dividends will also be eligible to the shareholders of record who are registered in the Securities Depository Center (Edaa) at the end of the trading day following the eligibility date and the distribution will be on 19 July.
Earlier in May, the company’s board has approved distributing cash dividends representing 2.5% of the share’s par value for the first six months of 2017 (5% for the full year), according to a bourse filing.
The cash dividends amount to SAR 0.25 per share, totalling SAR 12.5 million for each half, or SAR 25 million for the full year.
