Saudi Chemical’s shareholders approve dividends for 2020

Saudi Chemical achieved an annual increase of 124% in net profits in 2020

  
Riyadh – Mubasher: The shareholders of Saudi Chemical Company gave the green light for the board’s recommendation of distributing SAR 0.5 per share, accounting for 5% of the share’s nominal value, as a cash dividend for 2020.

The company will pay a total of SAR 42.16 million to the entitled shareholders on 14 June.

Last year, Saudi Chemical achieved an annual increase of 124% in net profits to SAR 74 million, compared to SAR 33 million in 2019.

Source: Mubasher

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