SIIG BOD decides to distribute SR566 mln cash dividends for H2

The Saudi Industrial Investment Group SIIG announced on Monday its board of director’s decision to distribute cash dividends to the shareholders of the Saudi Industrial Investment Group for the second half of 2022. The percentage of dividend to the share par value (%) is 7.5 %.
It explained that the number of shares eligible for dividends is 754,800,000 shares. The dividend per share is SR 0.75. The eligibility shall be for the shareholders who own the shares at the close of the market on Thursday, 8-12-2022, and who are registered in the SIIG shareholders’ record at the securities depository center company (Edaa) at the end of the second trading day following the due date. The distribution date is 22-12-2022.
The company calls upon its shareholders to update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.
The Company would like to draw the attention of non-resident shareholders that the cash dividends are subjected to a deduction tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.