SAIC to pay dividend for H217 on Feb. 22

The board of directors of Saudi Advanced Industries Co. (SAIC) said it will pay cash dividend for the second half of 2017 on February 22.

Shareholders of record on February 5, 2018, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend, the company said in a statement.

In October, the company’s board had proposed a 5 percent cash dividend (SAR 0.5 per share) to be paid from retained earnings for fiscal year 2017 in two stages; 2.5 percent semi-annually, according to data compiled by Argaam.