THIS SITE USES COOKIES

This website uses first and third party cookies (and equivalent technologies) to improve your experience on our site. Necessary cookies ensure that this site functions properly. We also use cookies to analyze how our site performs, understand your preferences and deliver tailored commercial content on this and other sites. For more information about which cookies we use, the information collected and SABIC’s purposes, please see our Cookie Notice. By clicking ‘Accept Cookies’ you agree to the use of such cookies. Alternatively you can manage which cookies are placed on your device by selecting Manage Cookies

Saudi Basic Industries Corporation (SABIC) announces Board decision to distribute cash dividends to Shareholders for the first half of 2022

18/06/2022

Home > News & Media > Latest News > SABIC announces Board decision to distribute cash dividends to...

ItemDetails
Dividend Distribution PeriodCash dividends to shareholders for the first half of 2022
Announcement TitleSaudi Basic Industries Corporation (SABIC) announces the Board’s decision to distribute cash dividends to Shareholders for the first half of 2022
IntroductionSaudi Basic Industries Corporation (SABIC) announces the Board’s decision to distribute cash dividends to Shareholders for the first half of 2022.
Board Resolution Date18 June 2022
Total Amount of Dividend Distributed6,750,000,000 SR
Number of eligible shares3,000,000,000 Shares
Dividend per share2.25 SR Per Share
Percentage of Dividend to the share book value22.5 %
Eligibility dateThe 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 dateOn Sunday 6 Rabi ul Awal 1444H (According to the Umm Al-Qura Calendar) corresponding to 02 October 2022
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 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: 

  1. Telephone No.: 011-2258000, 
  2. Extension- 1 Mobile No.: +966530013051 
  3. Email: IR@sabic.com

Compare up to 4 grades

You already have 4 products for comparison

Compare items