Saudi SABIC’s board proposes over $1.33bln dividends for H1 2021

Saudi Basic Industries Corporation will pay a total of $600mln on October 3

  
A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. Image used for illustrative purpose.

A man walks past the headquarters of Saudi Basic Industries Corp in Riyadh. Image used for illustrative purpose.

REUTERS/FAISAL NASSER
Riyadh – The board of Saudi Basic Industries Corporation (SABIC) recommended distributing a cash dividend of SAR 1.75 per share, representing 17.5% of the share’s par value, to the entitled shareholders for the first half (H1) of 2021.

SABIC will pay a total of SAR 2.25 billion on 3 October, with the equityholders eligible for the dividend payout are those registered on 19 September this year, according to a bourse filing on Tuesday.

The company said the number of shares eligible for H1-21 dividends stands at 3 billion.

SABIC had distributed dividends worth SAR 9 billion for the full year 2020.

Source: Mubasher

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