SIIG’s BoD recommends distributing SAR0.50/share cash dividends for 2016
SIIG’s BoD recommended the distribution of SAR0.50/share for its 2016 dividend. The distributed amount implies a dividend yield of 3.0% and a payout ratio of 36% based on the company’s latest stock price and annualised 9M16 earnings. Based on the release, the distribution date will be announced later. (Tadawul)
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