| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Industrial Services Company in their meeting on 27th February 2021 corresponding to [15 Rajab 1442H] recommended a cash dividend distribution to the shareholders of the company for the financial year 2020 as following: |
| Date of the board’s decision | 2021-02-27 Corresponding to 1442-07-15 |
| The Total amount distributed | 65,280,000 |
| Number of Shares Eligible for Dividends | 81,600,000 |
| Dividend per share | 0.80 |
| Percentage of Dividend to the Share Par Value (%) | 8 % |
| Eligibility date | All the shareholders registered with Securities Depository Center as the shareholders of the Company at the end of second trading day of holding of General Assembly meeting shall be eligible for the dividend. The date of the General Assembly meeting shall be announced after getting requisite approvals from regulatory bodies. |
| Distribution Date | The announcement of dividend distribution date shall be made after the General Assembly meeting of the Company. |
| Additional Information | The proposed recommended dividend is the ordinary dividend for fiscal year ended 31 December 2020. |
The utilisation of the proceeds expected from the sale of the 21.2% direct equity stake in RSGT and any additional potential distribution to the shareholders will be announced in due course following a careful assessment by the Board on SISCO’s ongoing investment requirements and the short term and long-term interests of both SISCO and its shareholders.
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.