Yansab updates interim dividend disclosure methodology

One of Yanbu National Petrochemical Co.’s factories

Yanbu National Petrochemical Co. (Yansab) changed its methodology for disclosing the board of directors’ decisions on interim dividend payments, effective from 2025, subject to shareholders’ approval.

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In a statement on Tadawul, Yansab said decisions regarding interim dividends for the first half will be announced after the approval of the preliminary financial results for the second quarter of the same fiscal year. Similarly, interim dividends for the second half will be disclosed after the approval of the annual financial results for the same fiscal year.

The company explained that this step, which aligns with best practices, is part of the board’s efforts to enhance shareholders' equity in line with Yansab’s financial performance.

According to data available on Argaam, Yansab announced the distribution of its H1 2024 dividends on June 2, with payments made on Aug. 20.

It announced H2 2024 dividends today, Dec. 30, with payments scheduled for March 16, 2025, bringing the total dividends for 2024 to SAR 2 per share.