The company said in a statement to the Saudi market (Tadawul) today, Monday, that distributions of 1.75 riyals per share represent 17.5% of the nominal value of the share.
The second half of the profits proposed to be distributed to the company’s shareholders listed in the records of the Securities Depository Center (Depository Center) will be entitled to the end of the second trading day following the day of the general meeting.
Profits due for the second half of the year 2019 will be distributed on Wednesday, April 1, 2020.
The General Assembly also approved the approval of the Board of Directors decision regarding the cash dividends distributed for the first half of 2019, amounting to 984.38 million riyals, for a total of 1.97 billion distributed last year. Almost Real.
The General Assembly elected the members of the Board of Directors - including representatives of the Saudi Basic Industries Corporation (SABIC) - for the next three-year term beginning on March 16, 2020 and lasting for 15 years. March 2023.
