SABIC shareholders approve 15% cash dividend for H2 2020

14/04/2021 Argaam Exclusive

Saudi Basic Industries Corp. (SABIC) shareholders approved the board of directors’ recommendation for a 15% cash dividend (SAR 1.5 per share) for the second half of 2020, during the ordinary general assembly meeting (OGM) held on April 13, 2021.

 

Dividend Details (H2 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

April 13, 2021 (Shareholders registered at Edaa on the second day following this date)

Payment date

May 3, 2021

 

Total Dividends for 2020 

Total Capital 

SAR 9 bln 

Ratio of capital 

30% (equivalent to SAR 3 per unit) 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/12/2020 13/04/2021 03/05/2021 4,500.00 1.50
17/06/2020 03/09/2020 20/09/2020 4,500.00 1.50
18/12/2019 21/04/2020 12/05/2020 6,600.00 2.20
23/05/2019 16/09/2019 30/09/2019 6,600.00 2.20
19/12/2018 09/04/2019 30/04/2019 6,600.00 2.20
05/06/2018 30/08/2018 17/09/2018 6,600.00 2.20
19/12/2017 17/04/2018 01/05/2018 6,600.00 2.20
21/06/2017 30/07/2017 17/08/2017 6,000.00 2.00
18/12/2016 11/04/2017 23/04/2017 6,000.00 2.00
27/07/2016 25/08/2016 06/09/2016 6,000.00 2.00
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 11.80 101.42 11.63 %
Last 5 Financial years 20.00 76.39 26.18 %
Last 10 Financial years 46.00 104.75 43.91 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) 55.464
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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