The Board of Directors of the Saudi Automotive Services Company (SASCO) decided at its meeting held on September 4, 2022, to distribute dividends to the company’s shareholders for the first half of the fiscal year 2022.
The company said in a statement to the Saudi market (Tadawul), today, Monday, that the board of directors decided to distribute cash dividends for the first half of this year at 5% of the nominal value of the share and at 0.50 riyals per share.
The company clarified that the total cash dividends proposed for distribution for the past period of this year amounted to 30 million riyals, indicating that the number of shares entitled to dividends is 60 million shares.
(SASCO) indicated that the eligibility for distribution will be to the shareholders who own shares on the due date (end of trading on Thursday, September 8, 2022) and who are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.
The company stated that the dividend distribution date will be announced later.
