SABIC Board of Directors Recommends Distributing SR 6,600,000,000 Cash Dividend for the First Half of 2018
The Board of Directors of Saudi Basic Industries Corporation (SABIC) recommended in its meeting on Tuesday, 20 Ramadan 1439H (5 June 2018), the distribution of interim cash dividends to shareholders for the first half of 2018 amounting to SR 6,600,000,000 billion, at SR 2.20 per share. Eligibility will be for the shareholders registered in the Securities Depository Center by the end of second trading day following the date of maturity; which will be Thursday, 19 Dhu al-Hijjah 1439 H (according to Umm Al-Qura calendar) corresponding to August 30, 2018.
SABIC issued a statement with the number of shares eligible for profit: 3,000,000,000 shares, while the distribution ratio to nominal value was 22%. The company called on its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited with their banks on the distribution day; Monday, Muharram 7, 1440 H (according to Umm Al-Qura calendar) corresponding to September 17, 2018. It also urged them to file all their certificates, if any, in their portfolios by handing over to the Depository Center, Riyadh, King Fahad Road, Tawuniya Towers, or sending to P.O. Box: 60612 Riyadh.