The SABIC Agri-Nutrients Company's board of directors recommended distributing 1.428 billion riyals of cash dividends to 476.03 million shares for the second half of 2021.
According to Arabiya Net, the company said in a statement, that the share's share of the distribution is 3 riyals per share, with a distribution ratio to the nominal value of the share 30%.
The eligibility for cash dividends will be for shareholders owning shares on the due date who are registered in the company's shareholder register at the Depository Center at the end of the second trading day following the day of the company's general assembly, which will be announced It will be announced later, and the distribution date will be announced later.
In a separate statement, SABIC Agri-Nutrients Company announced the decision of its board of directors on Sunday evening, appointing Eng. Abdulrahman bin Ahmed Shams El-Din as CEO of the company as of the beginning of 2022, Based on the recommendation of the Remuneration and Nominations Committee.
The company indicated that the company has worked to create a number of leadership and administrative positions within the new administrative organizational structure, including the creation of the position of the CEO of the company instead of the position of the company's president. President who was occupied by Fahd bin Misfer Al-Battar, who was appointed to the position of Chief Operating Officer.
SABIC Nutrients explained that these changes coincide with the company's strategic directions to expand and take advantage of growth opportunities to keep pace with the expected developments in implementing its strategy and placing it in a leading position on the industry map. Global Agricultural Nutrients.
