SABIC board OKs 17% cash dividend for H1 2024

21/05/2024 Argaam Exclusive

Saudi Basic Industries Corp.'s (SABIC) board of directors recommended today, May 21, distributing cash dividends at 17% of capital, or SAR 1.7 per share, for the first half of 2024, the company said in a statement to Tadawul.

Dividend Details (H1 2024)

Current Capital

SAR 30 bln

Number of Shares

3 bln

Total Dividend

SAR 5.1 bln

Percentage of Capital

17% (SAR 1.7 per share)

Record Date

Shareholders registered with Edaa by the end of second trading day following the record date, Sept. 3, 2024

Payment date

Sept. 24, 2024

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/05/2024 03/09/2024 24/09/2024 5,100.00 1.70
12/12/2023 12/02/2024 04/03/2024 4,800.00 1.60
15/06/2023 12/09/2023 02/10/2023 5,400.00 1.80
13/12/2022 13/03/2023 02/04/2023 6,000.00 2.00
19/06/2022 11/09/2022 02/10/2022 6,750.00 2.25
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
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 11.65 100.60 11.58 %
Last 5 Financial years 19.05 116.20 16.39 %
Last 10 Financial years 42.65 113.50 37.58 %
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) 55.46
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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