SAIC shareholders to vote on interim dividends for 2020 on April 21

15/03/2020 Argaam

Saudi Advanced Industries Co. (SAIC) shareholders are set to vote at its general assembly meeting on April 21 to authorize the board to distribute interim dividends on a semi-annual/quarterly basis for the fiscal year 2020.

 

The company said in a statement to Tadawul that shareholders will also to vote on electing a new board for the new 3-year term starting Sept. 17, 2020.

 

In addition, the company’s audited financial statements, as well as board and auditors' reports for the fiscal year 2019 will be discussed.

 

SAIC reported a net profit after Zakat and tax of SAR 28.52 million for FY 2019, down 23% year-on-year (YoY), compared to SAR 37 million in 2018.

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