Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) on Sunday said the company’s shareholders had approved the board of directors’ recommendation to distribute a cash dividend of SAR 2 per share, or 20% of the share’s par value, for the second half of 2018 during an ordinary general meeting (OGM) held on Thursday, 4 April.
Dividends will be paid on 18 April, the company said in a statement to the Saudi Stock Exchange (Tadawul).
The eligibility of H2-18 dividends shall be for the shareholders at the end of trading on Thursday, 4 April, and as per the registered shareholders in the register of The Securities Depository Center Company at the end of the second trading day following the eligibility date.
The OGM also approved to authorise the board of directors to distribute dividends for 2019, in addition to the auditor’s and board’s reports.
From October to December 2018, Yansab reported a 70% year-on-year decline in net profits, logging SAR 233.5 million, from SAR 777.9 million.
