SABIC board recommends 17.5% cash dividend for H1 2021

22/06/2021 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) board of directors recommended today, June 22, a 17.5% cash dividend (SAR 1.75 per share) for the first half of 2021, amounting to SAR 5.25 billion, the company said in a bourse statement.

Dividend Details (H1 2021)

Current Capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 5.25 bln

Percentage of capital

17.5% (SAR 1.75 per share)

Record date

Sept. 19, 2021 (Shareholders registered with Securities Depository Center Co. (Edaa) at the end of the second trading day following this date)

Payment date

Oct. 3, 2021

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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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