Riyadh – Mubasher: The extraordinary general meeting (EGM) of Yanbu National Petrochemicals Company (Yansab) approved distributing cash dividends for 2016.
The dividends will be distributed at SAR 3 per share (30% of the capital) for fiscal year 2016, totalling SAR 1.69 billion, according to a bourse filing on Wednesday.
The company distributed cash dividends at SAR 1.5 per share (15% of the capital) for the first half of FY16, and will start the distribution for the second half as of 28 March.
The dividend eligibility for the H2-16 concerns shareholders registered until the end of trading on the general assembly’s meeting day.
The EGM agreed on authorising the company’s board to distribute interim cash dividends for 2017, in addition to amending the firm’s bylaws to be in line with the New Companies Law.
