SAIC to pay dividend for 9M 2018 in March

Saudi Advanced Industries Co. (SAIC) said it will pay cash dividend for the first nine months of 2018 on March 13, 2019.

Shareholders of record on Feb. 28, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend, the company said in a bourse statement.

In December, SAIC’s board of directors recommended a 2.5 percent cash dividend for the first nine months of 2018, at SAR 0.25 per share, amounting to SAR 12.5 million, according to data compiled by Argaam.