SABIC BOD Distributes SR1.42 Billion in Profits for 2021 Second Half

The Board of Directors of SABIC Agro-Nutrients Company announced on Monday the recommendation cash dividends distribution to shareholders for the second half of 2021.

The total amount distributed is SR1, 428,106,212. The dividend per share is SR3 per share. The percentage of dividend to the share par value (%) is 30 %.

The company indicated on Tadawul on Monday that the number of shares eligible for dividends is 476,035,404 shares.

The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company’s register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later. The distribution date will be announced later.

The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend are deposited in their accounts with the banks on the distribution day and that all the certificates they hold should be deposited in their portfolios through submission to the Securities Depository Center Company (Edaa): Riyadh (King Fahd Road – Towers Cooperative – Eastern Tower – Ground Floor) or contact via 920001919.

The company wants to draw the attention of non-resident investors; the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.

Accordingly, the company emphasize to non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the company within 5 five calendar days from the eligibility date and to provide the company with documents supporting tax exemption.