During the company's regular meeting of the Saudi Company's shareholders SABIC's recommendation on the recommendation of the Board of Directors to distribute cash dividends on shareholders from the second half of 2020 worth SR 4.5 billion, at 1.5 riyals per share, accounting for 15% of the nominal value per share.
According to Arab Net, the elderly shareholders' shareholders are the end of trading on the meeting of the General Assembly and held in the register of the company's shareholders at the end of the Securities Depository Center at the end of the second day following the following date of maturity, and the distribution of profits begins on 3 May 2021.
According to SABIC's statement on Wednesday, the shareholders agreed on cash dividends distributed by the first half of 2020, by SR 4.5 billion, 1.5 riyals per share.
Contributors recognized the agenda contained a number of items, including the delegation of the Board of Directors to distribute phased profits in an annual year or quarter of the financial year 2021.
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%.
