SAIC says board of associate firm approves 10% cash dividend for 2021

20/09/2021 Argaam

Logo of Saudi Advanced Industries Co.

Saudi Advanced Industries Co. (SAIC) announced that the board of directors of one of its associate firms, Obeikan Glass Co., approved to distribute cash dividend for 2021.

 

SAIC owns 40% stake, or 24 million shares, in Obeikan Glass.

 

The company said in a bourse filing that the dividend represents 10% of the capital of Obeikan Glass, at SAR 1 per share.

 

Dividend Details

Current Capital  

SAR 240 mln 

Number of shares  

24 mln

Dividend 

SAR 24 mln 

Percentage  

10% (equivalent to SAR 1 per share) 

SAIC's share in dividend 

SAR 9.6 mln 

 

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