Saudi Basic Industries Corporation (SABIC) announces Board decision to distribute cash dividends to Shareholders for the first half of 2022
|Dividend Distribution Period||Cash dividends to shareholders for the first half of 2022|
|Announcement Title||Saudi Basic Industries Corporation (SABIC) announces the Board’s decision to distribute cash dividends to Shareholders for the first half of 2022|
|Introduction||Saudi Basic Industries Corporation (SABIC) announces the Board’s decision to distribute cash dividends to Shareholders for the first half of 2022.|
|Board Resolution Date||18 June 2022|
|Total Amount of Dividend Distributed||6,750,000,000 SR|
|Number of eligible shares||3,000,000,000 Shares|
|Dividend per share||2.25 SR Per Share|
|Percentage of Dividend to the share book value||22.5 %|
|Eligibility date||The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and are enrolled in the Company's register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the due date, which will be on Sunday 15 Safar 1444H (According to the Umm Al-Qura Calendar) corresponding to 11 September 2022.|
|Dividend distribution date||On Sunday 6 Rabi ul Awal 1444H (According to the Umm Al-Qura Calendar) corresponding to 02 October 2022|
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 dividends 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 - Eastern Tower - Ground Floor) or contact via 920001919.
The company would like to draw the attention of non-resident investors that 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.
Accordingly, the company emphasizes to non-resident investors, who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the company within five calendar days from the eligibility date and to provide the company with documents supporting tax exemption.
For more inquiries, please contact Investor Relations Department at: