SABIC said in a statement to the Saudi market (Tadawul), that the general assembly will vote on the recommendation of the Board of Directors to distribute cash dividends to shareholders by 2.2 riyals per share, worth $ 6.6 billion, For the second half of 2019.
She explained that the company's generalization will also discuss the decision of the Board of Directors regarding the cash dividends distributed for the first half of 2019, representing 22% of the nominal value per share. < / p>
She noted that a vote will be taken to authorize the Board of Directors to distribute interim dividends in a semi-annual or quarterly manner for the year 2020, and to specify the due date and disbursement according to the regulatory controls and procedures issued in implementation of the corporate system , In proportion to the company's financial position, cash flows and expansion and investment plans.
SABIC's profits fell 73.8% in the last year, to reach 5.63 billion riyals, compared to 2018 profits of 21.52 billion riyals.
