The board of directors of Saudi Basic Industries Corporation (SABIC) recommended in a recent meeting the distribution of interim cash dividends to shareholders for the first half of 2018, amounting to $1.76bn, at $0.59 per share.
Eligibility will be for the shareholders registered in the Securities Depository Center by the end of second trading day following the date of maturity, which will be Thursday, 30 August 2018.
SABIC issued a statement with the number of shares eligible for profit, 3,000,000,000 shares, while the distribution ratio to nominal value was 22%.
The company called on its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited with their banks on the distribution day, Monday, 17 September 2018.
It also urged them to file all their certificates, if any, in their portfolios by handing over to the Depository Center, Riyadh, King Fahad Road, Tawuniya Towers, or sending to PO Box 60612, Riyadh.