SearchSaudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the second half of 2020
24/12/2020
| Item | Details |
| Dividend Distribution Period | Cash dividends to shareholders for the second half of 2020 |
| Announcement Title | Saudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the second half of 2020 |
| Introduction | Saudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the second half of 2020 |
| Total Amount of Dividend Distributed | 4,500,000,000 SR |
| Number of eligible shares | 3,000,000,000 Shares |
| Dividend per share | 1.50 SR Per Share |
| Percentage of Dividend to the share book value | 15% |
| Eligibility date | The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later. |
| Dividend distribution date | Distribution date will be announced later. |
| Additional Information | The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend are deposited in their accounts with the banks on the distribution day and that all the certificates they hold should be deposited in their portfolios through submission to the Securities Depository Center Company (Edaa): Riyadh. King Fahd Road. Towers Cooperative, or sent on PO Box 60612 Riyadh.
The company would like to draw the attention of non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations. |