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.

 

Cash Dividend Details (H2 2016)

Current Capital

SAR 5,625 mln

Number of shares

562.5 mln

Cash dividend

SAR 843.75 mln

Percent capital

15% (SAR 1.5/share)

Record date

March 14, 2017

Payment day

March 28, 2017

 

Dividend for FY 2016

Total cash dividend

SAR 1,687 mln

Percent of capital

30% (SAR 3/share)

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