Today: Record date for SABIC’s 22% cash dividend for H1 2019

16/09/2019 Argaam

 

Today, Sep. 16, 2019 is the record date for Saudi Basic Industries Corporation’s (SABIC) cash dividend at 22 percent of capital, or SAR 2.2 a share, for H1 2019.

 

In May, the company’s board of directors recommended a 22 percent cash dividend for the first half of 2019, at SAR 2.20 per share, totaling SAR 6.6 billion.

 

The cash dividend will be paid on Tuesday, Oct. 1, 2019.

 

Dividend Details (H1 2019)

Current capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 6.6 bln

Percentage of capital

22% (SAR 2.2/share)

Record date

Sept. 16, 2019

Payment date

Oct. 1, 2019

 

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