| Element List | Explanation |
|---|---|
| Introduction | Saudi Advanced Industries Co. announces the BOD’s recommendation to distribute dividends to shareholders for second half annual of year 2020 |
| Date of the board’s decision | 2021-03-23 Corresponding to 1442-08-10 |
| The Total amount distributed | 12,500,000 |
| Number of Shares Eligible for Dividends | 50,000,000 |
| Dividend per share | SAR 0.25 |
| Percentage of Dividend to the Share Par Value (%) | 2.5 % |
| Eligibility date | The eligibility of the dividends shall be at the end of trading day of company General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date. |
| Distribution Date | Details of dividends distribution dates and process will be announced later |
| Additional Information | It is worth mentioning that Saudi Advanced Industries Company distributed for the first half of fiscal year 2020 12.5 million riyals and the total amount distributed during the fiscal year 2020, 25 million Saudi riyals, |
The company would also like to remind its valued shareholders to update their data with banks to ensure that their outstanding profits are deposited directly into their accounts.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.