SABIC shareholders authorize board to pay 2023 interim dividends

16/04/2023 Argaam

SABIC shareholders authorize board to pay 2023 interim dividends

Logo of Saudi Basic Industries Corp.

Saudi Basic Industries Corp.’s (SABIC) shareholders approved authorizing the board of directors to pay an interim dividend for 2023 on a semi-annual or a quarterly basis, during the ordinary general meeting (OGM) held on April 13, according to a statement to Tadawul.

 

The board will also determine maturity and payment dates in accordance with the regulations of the Companies Law for listed joint stock companies, and in line with the company's financial position, cash flows and expansion and investment plans.

 

Shareholders also endorsed the other agenda items, the statement added.

 

SABIC paid cash dividends at 42.5%, or SAR 4.25 a share, totaling SAR 12.75 billion for 2022, data compiled with Argaam showed.

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