Sipchem to pay dividend for H2 2018 on Jan. 15

Saudi International Petrochemical Co. (Sipchem) said it will pay cash dividend for the second half of 2018 on Jan. 15, 2019.

Shareholders of record on Jan. 1, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend, the company said in a bourse statement.

Last month, SIPCHEM’s board of directors recommended a 6.5 percent cash dividend for the second half of 2018, at SAR 0.65 per share, amounting to SAR 238.33 million, according to data compiled by Argaam.