Riyadh-Mubasher: Saudi Basic Industries Corp. (SABIC) will hold its ordinary general meeting on 11 April, to discuss agenda items, mainly the proposed dividend payout for 2015.
Shareholders will discuss the board’s recommendation on paying cash dividends for 2015 at SAR 5.5 a share, totalling SAR 16.5 billion.
Shareholders of record on the meeting date will be eligible for H2-15 dividends at SAR 3 a share, totalling SAR 9 billion.
FY15 net earnings reached SAR 18.8 billion, down 20% compared with SAR 23.3 billion a year earlier.
The stock closed Sunday at SAR 76.75, rising 0.39%.
