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Saudi Industrial Services Co. announces the distribution of cash dividend for the financial year 2020

SISCO HOLDING 2190 55.77% 38.60 13.82
Element List Explanation
Introduction The Board of Directors of Saudi Industrial Services Company in their meeting on 27th February 2021 corresponding to [15 Rajab 1442H] recommended a cash dividend distribution to the shareholders of the company for the financial year 2020 as following:
Date of the board’s decision 2021-02-27 Corresponding to 1442-07-15
The Total amount distributed 65,280,000
Number of Shares Eligible for Dividends 81,600,000
Dividend per share 0.80
Percentage of Dividend to the Share Par Value (%) 8 %
Eligibility date All the shareholders registered with Securities Depository Center as the shareholders of the Company at the end of second trading day of holding of General Assembly meeting shall be eligible for the dividend. The date of the General Assembly meeting shall be announced after getting requisite approvals from regulatory bodies.
Distribution Date The announcement of dividend distribution date shall be made after the General Assembly meeting of the Company.
Additional Information The proposed recommended dividend is the ordinary dividend for fiscal year ended 31 December 2020.

The utilisation of the proceeds expected from the sale of the 21.2% direct equity stake in RSGT and any additional potential distribution to the shareholders will be announced in due course following a careful assessment by the Board on SISCO’s ongoing investment requirements and the short term and long-term interests of both SISCO and its shareholders.

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