The board of Saudi Chemical Company decided to pay out cash dividends worth SAR 42.16 million, equivalent to 5% of the capital, for the first nine months (9M) of 2022.

Under the board’s decision which was determined on 18 December 2022, the firm will disburse SAR 0.50 per share for 84.32 million eligible shares, according to a bourse disclosure.

The eligibility and distribution dates for the dividends will be on 18 and 29 January 2023, respectively.

In January-September 2022, Saudi Chemical posted a 25.07% drop in net profit after Zakat and tax to SAR 56.83 million, compared to SAR 75.85 million during the same period a year earlier.

Revenues declined by 1.26% to SAR 2.62 billion in 9M-22 from SAR 2.65 billion in 9M-21, while the earnings per share (EPS) plummeted to SAR 0.67 from SAR 0.90.

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