SABIC shareholders to vote on 22.5% dividend for H2 2021 on April 10

17/03/2022 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) shareholders are set to vote on the board's recommendation on distributing a 22.5% cash dividend, or SAR 2.25 per share, for the second half of 2021, during the ordinary general meeting (OGM) to be held on April 10.

 

They will also vote on authorizing the board of directors to distribute interim cash dividends on a semi-annual or quarterly basis for 2021.

 

Dividend Details (H2 2021)

Current capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 6.75 bln

Percentage of capital

22.5% (SAR 2.25 per share)

Record date

Shareholders registered with Securities Depository Center Co. (Edaa) at the end of the second trading day following the general assembly date, which will be announced later

Payment date

April 25, 2022

 

Total Dividend for 2021 

Total dividend

SAR 12 bln 

Percentage of capital 

40% (equivalent to SAR 4 per share) 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/12/2021 10/04/2022 25/04/2022 6,750.00 2.25
22/06/2021 19/09/2021 03/10/2021 5,250.00 1.75
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
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 11.40 116.20 9.81 %
Last 5 Financial years 20.00 91.49 21.86 %
Last 10 Financial years 45.00 95.75 47.00 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

69.50
(0.40) (0.57 %)

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) 55.15
P/BV 1.26
Dividend Yield 4.07 %
Market Cap. (M) 208,500.00
Return on Average Assets 0.59 %
Return on Average Equity 1.00 %

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