Riyadh – Mubasher: The board of Yanbu National Petrochemical Company (Yansab) greenlighted cash dividends amounting to SAR 421.87 million for the second half (H2) of 2023.
A dividend of SAR 0.75 per share will be paid to a total of 562.50 million eligible shareholders, according to a bourse filing.
The board members approved the H2-23 cash dividends, which represent 7.50% of the company’s capital, during their meeting on 24 December 2023.
Eligibility and payment dates for the dividend will be 25 February and 14 March 2024, respectively.
In the first nine months (9M) 2023, Yansab suffered net losses after Zakat and tax valued at SAR 503.60 million, against net profits worth SAR 510.60 million in 9M-22.
The revenues fell by 45.24% to SAR 3.08 billion in 9M-23 from SAR 5.63 billion in the year-ago period.
