Saudi Industrial Investment Group announces the distribution of cash dividends for The Second half of 2020

IntroductionThe Saudi Industrial Investment Group SIIG announces its board of director’s decision at its meeting on 7-5-1442 corresponding to 22-12-2020, to distribute cash dividends to the shareholders of the Saudi Industrial Investment Group for the second half of 2020
Board Resolution Date2020-12-22 Corresponding to 1442-05-07
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 Thursday, 16-05-1442 corresponding to 31-12-2020, 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 shareholders that the cash dividends are subjected 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.