Logo of Saudi Advanced Industries Co.
Saudi Advanced Industries Co. (SAIC) announced that the board of directors of one of its associate firms, Obeikan Glass Co., approved to distribute cash dividend for 2021.
SAIC owns 40% stake, or 24 million shares, in Obeikan Glass.
The company said in a bourse filing that the dividend represents 10% of the capital of Obeikan Glass, at SAR 1 per share.
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Dividend Details |
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Current Capital |
SAR 240 mln |
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Number of shares |
24 mln |
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Dividend |
SAR 24 mln |
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Percentage |
10% (equivalent to SAR 1 per share) |
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SAIC's share in dividend |
SAR 9.6 mln |
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