Saudi Advanced Industries Co.’s (SAIC) shareholders approved the board’s recommendation on paying cash dividend at 2.5%, or SAR 0.25 a share, totaling SAR 12.5 million for H2 2020, during the extraordinary general meeting (EGM) held on June 23, according to a bourse filing.
|
Dividend Details (H2 2020) |
|
|
Current Capital |
SAR 500 mln |
|
Number of shares |
50 mln |
|
Total Dividend |
SAR 12.5 mln |
|
Percentage |
2.5% (SAR 0.25 per share) |
|
Record date |
Shareholders of record on June 23, and enrolled at Securities Depository Center Co. (Edaa) by the end of the second trading day after the general meeting |
|
Payment date |
July 5, 2021 |
|
Total Dividends (2020) |
|
|
Total Dividends |
SAR 25 mln |
|
Percentage of Capital |
5% (SAR 0.5 per share) |
Shareholders refused to approve the board’s proposal to appoint Suha Bint Suwaid Al-Jahdali, as an independent board member.
They also rejected amending Articles of Association related to the company’s purposes, audit committee, as well as dividend payment.
Other agenda items were approved during the meeting, the statement added.
| P/E (TTM) | 10.93 |
| P/E Before Unusual Items (TTM) | 10.75 |
| P/BV | 2.32 |
| Dividend Yield | 3.43 % |
| Market Cap. (M) | 2,556.00 |
| Return on Average Assets | 22.73 % |
| Return on Average Equity | 23.06 % |
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