The General Assembly of Saudi Basic Industries SABIC is a meeting on Tuesday for 13 April 2021 to vote on the recommendation of the Board of Directors to distribute cash dividends on shareholders by 15% of the capital, and the reality of SR 1.5 per share of the second half.
According to Arab Net, the company said in a statement that the agenda included a number of items, including voting for the delegation of the Board of Directors to distribute phased profits in an annual quarter of 2021.
SABIC Chief Executive Officer Joseph, revealed at the end of January that Saudi Aramco's acquisition was 70% in SABIC, which will result from $ 3-4 billion, and SABIC's share of $ 1.5 and $ 1.8 billion. p>
On the other hand, the structure expects sales and profits SABIC this year, noting that the programs of Corona vaccines adopted by States will contribute ranging from 2 and 5%.
The Saudi Basic Industries SABIC has achieved quarterly profits in the fourth quarter of 2020, accounting for 2.22 billion riyals, against losses of 0.89 billion riyals, in the fourth quarter of 2019, and at 1.09 billion riyals, in the previous quarter of 103.6%.
SABIC said it had achieved operational profits in the fourth quarter of 3.69 billion riyals, against operational losses 1.44 billion riyals in the corresponding period last year.
During 2020, the value of profits amounted to about 40 million riyals, compared to SR 5.2 billion in 2019, down 99.3%.
