Riyadh - Mubasher: The extraordinary general meeting (EGM) of Saudi Industrial Investment Group (SIIG) approved the distribution of cash dividends for 2016.

The company will distribute dividends at SAR 0.50 per share or 5% of the nominal value, totalling SAR 225 million, according to a bourse filing on Wednesday.

The distribution of the dividends will start as of 30 April through Riyad Bank for the registered shareholders at the end of trades on the EGM day.

The EGM also agreed on the board's and auditors’ reports for 2016, in addition to amending the company’s bylaws to be in line with the New Companies Law.

SIIG’s board was mandating during the EGM to distribute interim dividends throughout 2017.