Saudi's Yansab to pay $225mln in dividends for H1-21

Yansab added that the number of shares eligible for distribution totals 562.5mln

  
Image used for illustrative purpose. A trader monitors stocks at a Saudi Bank in Dammam October 26,2008.

Image used for illustrative purpose. A trader monitors stocks at a Saudi Bank in Dammam October 26,2008.

REUTERS/Stringer
Riyadh –  Yanbu National Petrochemical Company (Yansab) will distribute cash dividends worth a total of SAR 843.75 million to the entitled shareholders for the first half (H1) of 2021.

The company will pay SAR 1.5 per share, representing 15% of the share’s par value, on 13 July.

Yansab added that the number of shares eligible for distribution totals 562.5 million, according to a bourse filing on Thursday.

It is worth noting that in 2020 Yansab reported lower profits by 37.8% at SAR 677.6 million when compared to 2019.

Source: Mubasher

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