Riyadh – Mubasher: The board of the Saudi Industrial Services Company (SISCO) recommended SAR 48.96 million cash dividends distribution to the shareholders of the company for the financial year 2019.
Dividends will be distributed at SAR 0.6 per share, which represents 6% of the share’s par value, according to a statement to the Saudi Stock Exchange (Tadawul).
All the shareholders registered with the Securities Depository Center at the end of the second trading day following the general assembly meeting will be eligible for dividends.
The date of the next general assembly meeting will be announced after getting requisite approvals from regulatory bodies.
The company reported a 9% increase in net profit after zakat and tax to around SAR 51 million last year, up from SAR 46.7 million for 2018.
The increase in profits was attributed to higher revenues from ports, despite a SAR 15.8 million liability provision.
