Special report - Amazon:
Namazin reviews developments in the financial results of SABIC Saudi Arabia during the past five years, at the level of quarterly and annual results, as well as dividends during that period.
100 billion riyals
The total profits of SABIC amounted to about 100 billion riyals, equivalent to 26.7 billion US dollars, during 5 years, from 2014 until the end of 2018, with an annual average of about 20 billion riyals .The company’s profits for the year 2018 are the highest annual profits for the past five years, as the company announced a net profit of 23.35 billion riyals for the year 2018, compared to 18.77 billion riyals for the year 2017 , Up 18.4%.
The company recorded the lowest annual profits in the last 5 years during 2016, after net profit fell by about 5% to 17.84 billion riyals, compared to 18.43 billion riyals in 2015. p>
Quarterly Earnings
On the level of the quarterly performance of Saudi SABIC during the past five years, the average quarterly profit amounted to about 5 billion riyals.
The company recorded the highest quarterly profits during that period, in the second quarter of 2018, when the company's profits jumped by about 80.6% to 6.7 billion riyals.
The company’s second highest quarterly profit was, in the second quarter of 2014, which witnessed a 7% rise in net profit to 6.5 billion riyals.
The fourth quarter of 2015 witnessed the company recording the lowest quarterly profits for the company in the past five years, after the company's net profit fell 29.4% to 3.08 billion riyals.
71 billion riyals
SABIC's total dividends during the last five years amounted to 70.8 billion riyals, or about 71% of the company's total profits during the same period.
The company announced semi-annual dividends, on a regular basis, the value of the dividends ranged between 6 billion riyals and 9 billion riyals, which is the lowest and highest semi-annual distributions in 5 years.
