Thursday, May 13

SABIC General Assembly Approves SAR 9 Billion Dividends for 2020

Riyadh, SABIC’s ordinary general assembly meeting which was held yesterday approved all the items on its agenda including the final accounts for the financial year 2020.
Based on the Board’s recommendation, the meeting approved SAR 4.5 billion cash dividends for the second half of 2020 at SAR 1.5 per share, representing 15% of the nominal share value.
Also the Board approved SAR 4.5 billion cash dividends for the first half of 2020 at 1.5 per share, representing 15% of the nominal share value.
Eligibility for the second half dividends of the year will be for the shareholders owning shares on the due date – that is, the date of the Ordinary General Meeting. The dividends will be distributed on May 3, 2021. The total dividend for 2020 is SAR 9 billion at SAR 3 per share, representing 30% of the nominal value per share.
The Vice Chairman and CEO of SABIC Yousef Al-Benyan, extended thanks to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, for their great efforts in dealing with the consequences of the pandemic.

 

Source: Saudi Press Agency

Leave a Reply

Your email address will not be published. Required fields are marked *