SAIC plans 5% dividend for FY17

10/05/2017 Argaam

The board of directors of Saudi Advanced Industries Co. (SAIC) has proposed a 5 percent cash dividend (SAR 0.5 per share) to be paid from retained earnings for the fiscal year 2017 in two stages; 2.5 percent semi-annually.

 

 Cash Dividend Details (2017)

Current capital

SAR 500 mln

Number of shares

50 mln

Cash dividend

SAR 25 mln

Percent capital

5% (SAR 0.5/share)

First stage

2.5% after the end of H1-2017

Second stage

2.5% after the end of H2-2017

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