SABIC’s board proposes SAR 6.6bn dividends

Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) on Thursday recommended the distribution of SAR 2.2 per share in cash dividends for the first half of the fiscal year 2019.

SABIC’s total recommended dividends for H1-19 stand at SAR 6.6 billion, according to a bourse statement.

“The eligibility of cash dividend will be to shareholders who own the company shares on the eligibility date and enrolled in the company's register at Securities Depository Center Company (Edaa) by the end of the second trading day following the due date, which will be on Monday 16 September 2019.”

The dividends will be distributed on 30 September. 

The Tadawul-listed company reported a 38.1% year-on-year net profit decline in the first quarter of 2019, recording SAR 3.41 billion ($910.64 million).

Mubasher Contribution Time: 23-May-2019 17:36 (GMT)
Mubasher Last Update Time: 23-May-2019 17:36 (GMT)