SAIC to receive SAR 9.1 mln dividend from associate company for 2020

15/04/2021 Argaam

Logo of Saudi Advanced Industries Co.

Saudi Advanced Industries Co. (SAIC) announced that the board of directors of its 31.62%-owned associate company, Deutsche Gulf Finance Co., recommended the distribution of cash dividend at SAR 0.5 per share for 2020, according to a bourse filing.

 

Accordingly, SAIC's dividend share will reach SAR 9.09 million.

 

The dividend recommendation is pending the approval of Deutsche Gulf Finance’s upcoming general assembly meeting.

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