Riyadh - Mubasher: The board of Saudi Basic Industries Corporation (SABIC) proposed distributing SAR 4.5 million or SAR 1.5 per share as cash dividends for the first half (H1) of 2020, equivalent to 15% of the share’s par value.
Eligibility of dividends will be for shareholders on the maturity date, scheduled on 3 September 2020, and registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.
The dividends will be distributed on 20 September, according to a bourse statement on Wednesday.
In the first quarter (Q1) of 2020, SABIC turned to a loss of SAR 950 million, against a profit of SAR 3.41 billion in the same quarter a year earlier.
