Saudi Basic Industries Corp.’s (SABIC) board of directors has recommended a 22 percent cash dividend for the second half of 2017, at SAR 2.2 per share, amounting to SAR 6.6 billion.
The petrochemical giant had paid a dividend of SAR 4 per share for the fiscal year 2016 and SAR 5.5 per share for FY2015, according to data compiled by Argaam.
|
Cash Dividend Details (H2 2017) |
|
|
Current Capital |
SAR 30 bln |
|
Number of shares |
3 bln shares |
|
Cash dividend |
SAR 6.6 bln |
|
Percent capital |
22% (SAR 2.2 per share) |
|
Record date |
General assembly meeting |
|
Payment date |
To be determined |
|
Dividend for FY17 |
|
|
Total cash dividend |
SAR 12.6 bln |
|
Percent of capital |
42% (SAR 4.2/share) |
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