Riyadh – Mubasher: The board of Saudi Industrial Investment Group (SIIG) decided to pay out cash dividends worth SAR 566.10 million, representing 7.50% of the capital, for the second half (H2) of 2022.

The firm will distribute SAR 0.75 per share for 754.80 million eligible shares, according to a bourse disclosure.

The eligibility and distribution dates for the H2-22 dividends will be on 8 and 22 December, respectively.

In the first nine months (9M) of 2022, SIIG posted a 43.45% year-on-year (YoY) plunge in net profit after Zakat and tax to SAR 574 million, compared to SAR 1.01 billion.

Earnings per share (EPS) plummeted to SAR 0.88 in 9M-22 from SAR 2.25 in 9M-21.

During the third quarter (Q3) of 2022, the company’s net profits after Zakat and tax shrank by 73.04% to SAR 55 million, versus SAR 204 million in Q3-21.