SABIC plans 15% dividend for H1 2020

17/06/2020 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) board of directors recommended a 15% cash dividend (SAR 1.5 per share) for the first half of 2020, amounting to SAR 4.5 billion, the company said in a bourse statement

Dividend Details (H1 2020)

Current Capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 4.5 bln

Percentage of capital

15% (SAR 1.5 per share)

Record date

September 3, 2020 (including those registered at the Securities Depository Center two days after this date)

Payment date

September 20, 2020

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Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) 55.46
P/BV 1.27
Dividend Yield 4.07 %
Market Cap. (M) 209,700.00
Return on Average Assets 0.59 %
Return on Average Equity 1.00 %

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