SISCO to distribute SAR 32.6 mln cash dividends for 2H of the financial year 2022

Saudi Industrial Services Company “SISCO” the “Company” announced on Monday that the Board of Directors’ resolution to distribute a cash dividend to the company’s shareholders for the second half of the financial year 2022, with the Total amount distributed SAR 32,640,000, provided that the share of the share from the distribution is 0.4 riyals, with a distribution ratio to the nominal share value (%)

The company said today on “Tadawul” that the number of shares eligible for dividends is 81,600,000 shares, and the dividends will begin to be distributed to eligible shareholders on May 16, 2023.

The eligibility of dividends distribution will be for the shareholders of the company who own shares on 30 April 2023, the dividends distribution will begin for the shareholders of the company who own shares on the eligibility date and are registered in the company’s share registry at the Securities Depository Center Company at the end of the second trading day following the eligibility date.

The Company said that the dividend distribution is the final payment of the ordinary dividend for fiscal year ended 31 December 2022 in accordance with the approved dividend policy for the fiscal years 2022 and 2023.

The Company would like to draw the attention of foreign non-resident investors that the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.

In addition, the Company would like to remind its shareholders that their bank details are updated to ensure the timely distribution of cash dividends to their accounts without delay.