SAIC to Distribute SAR 59 Million in Cash Dividends for 2023

The Board of Directors of Saudi Advanced Industries Company (SAIC) announced the outcomes of the Ordinary General Assembly meeting (second meeting) held on Wednesday. Among the resolutions passed was the approval of the Board’s recommendation to distribute cash dividends totaling SAR 59 million to shareholders for the financial period ending on December 31, 2023 AD.

This amounts to 10% of the nominal value of each share, equating to SAR 1 per share, for a total of 59 million shares.

Additionally, the Board resolved to absolve its members from liability for the fiscal year ending on December 31, 2023 AD, as stated in the company’s statement on Tadawul