Saudi Basic Industries Corporation’s general assembly has approved a 22 percent cash dividend for the second half of 2017, at SAR 2.2 per share, amounting to SAR 6.6 billion.
Shareholders also delegated the company’s board of directors to issue semi-annual or quarterly dividend for fiscal year of 2018, in accordance with corporate rules and regulations.
|
Cash Dividend Details (H2 2017) |
|
|
Current Capital |
SAR 30 bln |
|
Number of shares |
3 bln |
|
Cash dividend |
SAR 6.6 bln |
|
Percent capital |
22% (SAR 2.2 per share) |
|
Record date |
April 17, 2018 |
|
Payment date |
May 1, 2018 |
|
Dividend for FY 2017 |
|
|
Total cash dividend |
SAR 12.6 bln |
|
Percent of capital |
42% (SAR 4.2/share) |
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