SIIG shareholders elect board members for new term

Logo of Saudi Industrial Investment Group (SIIG)

Saudi Industrial Investment Group’s (SIIG) shareholders approved the election of seven board members for the tenth new term, which will span four years from May 17, 2024, to May 16, 2028, at a meeting held on May 16.

In a statement to Tadawul, the company said shareholders also approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024.

Furthermore, shareholders approved ending the current board term on May 16, instead of June 30, and paying SAR 3.2 million as a bonus to the board members for 2023.