Yanbu National Petrochemical Co.’s (Yansab) extraordinary general assembly meeting on Tuesday approved a 15 percent cash dividend at SAR 1.5 per share for the second half of 2016.
Shareholders also reappointed non-executive board member Yousef bin Abdullah Al Benyan as chairman and elected its board of directors for the next three-year term, starting March 16.
All other items on the agenda, including the financial statements, were also approved, Yansab said in a statement to Tadawul on Wednesday.
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Cash Dividend Details (H2 2016) |
|
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Current Capital |
SAR 5,625 mln |
|
Number of shares |
562.5 mln |
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Cash dividend |
SAR 843.75 mln |
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Percent capital |
15% (SAR 1.5/share) |
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Record date |
March 14, 2017 |
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Payment day |
March 28, 2017 |
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Dividend for FY 2016 |
|
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Total cash dividend |
SAR 1,687 mln |
|
Percent of capital |
30% (SAR 3/share) |
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