SABIC to pay SAR 1.7/share as dividend for H2 2024

22/12/2024 Argaam Exclusive

Saudi Basic Industries Corp.’s (SABIC) board of directors decided, during a meeting on Dec. 21, to pay an interim cash dividend at 17% of capital, or SAR 1.7 a share, for H2 2024, according to a statement to Tadawul.

 

Dividend Details (H2 2024)

Current Capital

SAR 30 bln

Number of Shares

3 bln

Total Dividends

SAR 5.1 bln

Percentage of Capital

17% (SAR 1.7 a share)

Record Date

Feb. 11, 2025

Payment Date

March 4, 2025

 

Dividend Details (2024)

Total Dividend

SAR 10.2 bln

Percentage of Capital

34% (3.4 a share)

 

SABIC added that it is keen to continue dividend distribution, despite the challenges in the global petrochemicals markets

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/12/2024 11/02/2025 04/03/2025 5,100.00 1.70
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
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 11.05 116.60 9.48 %
Last 5 Financial years 18.05 93.10 19.39 %
Last 10 Financial years 40.55 83.88 48.34 %
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) 52.92
P/BV 1.21
Dividend Yield 4.07 %
Market Cap. (M) 200,100.00
Return on Average Assets 0.59 %
Return on Average Equity 1.00 %

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