Shares of Saudi Advanced Industries Co. (SAIC) have their ex-dividend today, June 23.
The board of directors recommended a 2.5% cash dividend, at SAR 2.5 a share, for the second half of 2020. The payment date has not been set yet.
It also coincides with the end of eligibility of bonus shares for Al Kathiri Holding Co. to increase its capital.
The board of directors recommended capital hike to SAR 113.02 million from SAR 90.42 million through the issuance of 25% bonus shares at one-for-four, to support the financial position of the company and future expansions.
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