Saudi Industrial Investment Group SIIG announces the distribution of cash dividend for the First half of 2020

IntroductionThe Saudi Industrial Investment Group SIIG announces its board of director’s decision at its meeting on 22-8-1441 corresponding to 15-4-2020, to distribute cash dividends to the shareholders of the Saudi Industrial Investment Group for the first half of 2020
Board Resolution Date2020-04-15 Corresponding to 1441-08-22
Total Amount of Dividend DistributedSAR 225,000,000
Number of Shares Eligible for Dividends450,000,000
Dividend per shareSAR 0.50
Percentage of Dividend to the Share Par Value (%)5 %
Eligibility dateThe eligibility shall be for the shareholders who own the shares at the close of the market on the day of maturity on Tuesday, 9-11-1441 corresponding to 30-6-2020, and who are registered in the SIIG shareholders’ record at securities depository center company (Edaa) at the end of the second trading day following the due date.
Distribution DateDistribution date will be announced later.
Additional InformationThe company calls upon its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.The Company would like to draw the attention of non-resident foreign investors that the cash dividends transferred by the resident financial intermediary are subject to a deduction tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.