The Board of Directors of the Saudi Industrial Investment Group (Saudi Group) decided to distribute cash dividends for the second half of the year 2020 AD, by 0.5 riyals per share, at a rate of 5% of the nominal value To share.
According to Arabiya Net, the company said in a statement that the total amount distributed is 225 million riyals for the number of shares due for profits, about 450 million shares.
and the shareholders who own the shares are eligible when the market closes on Thursday, December 31, 2020, and are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the due date The distribution date will be announced later.
The company had announced a 46.9% decline in net profits in the third quarter of this year, to reach 85 million riyals, after zakat and tax, for 160 million riyals In the corresponding quarter of 2019.
The Saudi group turned to achieve losses in the first nine months of the year 2020 by about 143 million riyals, compared to a net profit of about 544 million riyals in the same period of 2019.
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