Advanced Recommends Raising 2024 Cash Dividend to 10%

Saudi Advanced Industries Co. (SAIC) announced that its Board of Directors, in a meeting held on 01 Dhu al-Qi’dah 1446 (April 29, 2025), resolved to amend its prior recommendation regarding 2024 dividend distribution. The new resolution raises the proposed cash dividend per share from SAR 0.50 to SAR 1.00, increasing the total distribution to SAR 59 million from SAR 29.5 million, representing 10% of the share’s nominal value. The dividends will be distributed over 59 million shares.

Eligibility will be limited to shareholders holding shares at the close of trading on the date of the General Assembly meeting and registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date.

This amendment follows SAIC’s previous announcement on March 27, 2025, regarding the Board’s original recommendation for the 2024 fiscal year.