Sipchem board approves 7.5% cash dividend for H1 2021

23/06/2021 Argaam Exclusive

Sahara International Petrochemical Co.'s (Sipchem) board of directors approved today, June 23, the distribution of cash dividend to shareholders at 7.5% of capital (SAR 0.75 per share) for the first half of 2021, according to a bourse filing.

 

Dividend Details (H1 2021)

Current Capital

SAR 7.33 bln

Number of shares

733.33 mln

Dividend

SAR 550 mln

Percentage of capital

7.5% (equivalent to SAR 0.75 per share)

Eligibility

June 30, 2021 (Shareholders owning the shares on the due date and are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date)

Payment date

July 14, 2021

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Valuation Data (Latest Share Price)

P/E (TTM) 30.35
P/E Before Unusual Items (TTM) 49.87
P/BV 1.36
Dividend Yield 5.81 %
Market Cap. (M) 21,083.24
Return on Average Assets 3.05 %
Return on Average Equity 4.45 %

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