Saudi Arabia Basic Industries Corp’s (SABIC) board of directors recommended on Wednesday a 20 percent cash dividend, to be issued at SAR 2 per share for Q1-2017.
Shareholders of record at the Securities Depository Center (Edaa) on July 30 are entitled to this dividend, the petrochemical producer said in a bourse statement on Thursday.
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Cash Dividend Details (H1-2017) |
|
|
Current Capital |
SAR 30 bln |
|
Number of shares |
3 bln |
|
Cash dividend |
SAR 6 bln |
|
Percent capital |
20% (SAR 2 per share) |
|
Record date |
July 30, 2017 |
|
Payment date |
August 17, 2017 |
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