SABIC BOD distributes SAR 4.8 billion in cash dividends for H2

Saudi Basic Industries Corporation (SABIC) announced the Board decision to distribute interim cash dividends to Shareholders for the second half of 2023, at a total amount of SAR 4.8 billion, with a dividend per share of SAR 1.60 and a 16% dividend to the share nominal value.

The company stated on Tuesday on Tadawul that the number of shares eligible for dividends is 3 billion shares, to be distributed on March 4, 2024.

The eligibility of Cash dividends will be to Shareholders who own the company shares on the Eligibility date and are enrolled in the Company’s register at Securities Depository Centre Company (Edaa) by the end of the second trading day following the due date, which will be on Monday, 12 February 2024.