SABIC approves 20% dividend for H2 2016

12/04/2017 Argaam

Saudi Basic Industries Corp.’s (SABIC) general assembly has approved a 20 percent cash dividend (SAR 2 per share) for the second half of 2016, bringing the total dividend issued for the full year to SAR 4 per share.

 

Cash Dividend Details (H2 2016)

Current capital

SAR 30 bln

Number of shares

3 bln

Cash dividend

SAR 6 bln

Percent capital

20% (SAR 2/share)

Record date

April 11, 2017

Payment day

April 23, 2017

 

Dividend for FY 2016

Total cash dividend

SAR 12 bln

Percent of capital

40% (SAR 4/share)

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