Yansab reports technical glitch in transfer of H1 2022 dividend to some shareholders

04/07/2022 Argaam

Yanbu National Petrochemical Co. (Yansab) announced that Saudi National Bank (SNB), the dividend distribution service provider, reported a technical problem in transferring H1 2022 cash dividend to some shareholders.

 

The company confirmed working to solve this problem, according to a bourse filing.

 

Yansab said it will follow up with SNB to ensure that shareholders receive their cash dividends, the statement added.

 

Earlier in June, Yansab’s board of directors recommended paying a cash dividend at SAR 1.5 per share, or 15% of capital, for the first half of 2022, Argaam reported.

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