The Saudi Basic Industries Corporation (SABIC) announced the Board of Directors' decision to distribute cash dividends to shareholders of 6.75 billion riyals for the first half of 2022.

The company said in a statement to the Saudi market, Tadawul, today, Sunday, that the share's share of the distribution will be 2.25 riyals per share, or 22.5% of the nominal value of the share. The number of the company's shares is 3 billion, with a nominal value of 10 riyals per share

According to the statement, the eligibility for cash dividends will be for shareholders owning shares on the due date who are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the due date, which will be on Sunday corresponding to September 11, 2022, while the distribution date will be on Sunday, October 2, next.

SABIC's profits rose 33.1% in the first quarter of this year, reaching 6.47 billion riyals, compared to 4.86 billion riyals, profits for the same period in 2021.