Saudi SABIC to distribute SAR 2.2/shr for H2-19

The Saudi Basic Industries Corporation (SABIC) announced that its ordinary general meeting (OGM) has approved the board of directors’ recommendation to distribute cash dividends to shareholders for the second half (H2) of 2019.

With a total amount of SAR 6.6 billion, the dividends will be distributed at SAR 2.20 per share, representing 22% of the share’s par value, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

Eligibility for H2-19 dividends will be to the shareholders owning shares on the general assembly date, and those registered in the company’s share registry at the depository centre at the end of the second trading day following the due date.

The dividends will be distributed on 12 May 2020.

In addition, the OGM approved the board’s resolution regarding the dividends distributed for H1-19 at SAR 2.2 per share.

Source: Mubasher