Sabic to distribute $1.4bn as interim dividend for H1
RIYADH, 1 days
ago
The Board of Directors of Saudi Basic Industries Corporation (Sabic) has recommended the distribution of interim cash dividends to shareholders for the first half of 2021 amounting to SR5.25 billion ($1.4 billion) at SR1.75 ($0.46) per share.
Eligibility will be for the shareholders registered in the Securities Depository Center by the end of second trading day following the date of maturity; which will be September 19, 2021. The dividend distribution date will be on October 3, 2021.
Sabic issued a statement with the number of shares eligible for profit: 3,000,000,000 shares, while the distribution ratio to nominal value was 17.5%. The company called on its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited with their banks on the distribution day.