Saudi Basic Industries Corporation (SABIC) approved distributing a 20 percent cash dividend at the rate of SAR 2 per share for the second half of 2016, the company said in a statement to Tadawul.
This takes the total dividend for the year to SAR 4 per share.
|
Cash Dividend Details (H2-2016) |
|
|
Total dividend |
SAR 6 bln |
|
Percent of capital |
20% (SAR 2/share) |
|
Record date |
General assembly day |
|
Payment day |
To be determined |
|
Dividend for FY-2016 |
|
|
Total cash dividend |
SAR 12 bln |
|
Percent of capital |
40% (SAR 4/shares) |
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