Yansab distributes SR843.7 mln profits for 1H 2022

Yanbu National Petrochemical Co. is pleased to announce the Board of Directors’ decision to distribute cash dividends amounted to SR 843.750 million to shareholders for the first half of 2022, with percentage of dividend to the share par value is 15% and dividend per share is SR 15.

The company added that number of shares eligible for dividends is 562,500,000 shares. Distribution date will be on Wednesday 30 Dhu al-Qi dah 1443H corresponding to 29 June 2022.

The eligibility date is on Wednesday 16 Dhu al-Qi dah 1443H corresponding to 15 June 2022, 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 following the due date.

Additional Information:

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.

The company would like 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.