Riyadh – Mubasher: Saudi Industrial Investment Group (SIIG) on Tuesday announced that the company’s board of directors had approved distributing cash dividends of SAR 0.75, or 7.5% of the share’s nominal value, for the first half of 2019.
The total value of cash dividends amounted to SAR 337.5 million to be distributed over 450 million shares, according to a statement to the Saudi Stock Exchange (Tadawul).
The eligibility of dividends shall be for the shareholders at the closing of trading on 30 June and as per the registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.
SIIG’s extraordinary general meeting (EGM) on Monday approved the distributed cash dividends at SAR 1.25 a share, or 12.5% of the share’s nominal value, for 2018.
In mid-January, the Saudi firm revealed that its board of directors had approved distributing a cash dividend of SAR 0.75 per share for the second half of 2018.
For the full-year 2018, SIIG’s net profit, after zakat and taxes, dropped 13.64% year-on-year to SAR 867 million from SAR 1.004 billion.
