Saudi Arabia Basic Industries Corp’s (SABIC) board of directors recommended on Wednesday a 20 percent cash dividend, to be issued at SAR 2 per share for Q1-2017. 

 

Shareholders of record at the Securities Depository Center (Edaa) on July 30 are entitled to this dividend, the petrochemical producer said in a bourse statement on Thursday.

 

Cash Dividend Details (H1-2017)

Current Capital

SAR 30 bln

Number of shares

3 bln

Cash dividend

SAR 6 bln

Percent capital

20% (SAR 2 per share)

Record date

July 30, 2017

Payment date

August 17, 2017

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