Saudi Basic Industries Corp.’s (SABIC) board of directors has recommended a 22 percent cash dividend for the second half of 2017, at SAR 2.2 per share, amounting to SAR 6.6 billion.

 

The petrochemical giant had paid a dividend of SAR 4 per share for the fiscal year 2016 and SAR 5.5 per share for FY2015, according to data compiled by Argaam.

 

Cash Dividend Details (H2 2017)

Current Capital

SAR 30 bln

Number of shares

3 bln shares

Cash dividend

SAR 6.6 bln

Percent capital

22% (SAR 2.2 per share)

Record date

General assembly meeting

Payment date

To be determined

Dividend for FY17

Total cash dividend

SAR 12.6 bln

Percent of capital

42% (SAR 4.2/share)

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