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  • 15-04-21

    Saudi Basic Industries Corporation approves cash dividends in 2020

    (MENAFN)The Saudi Basic Industries Corporation (SABIC) has agreed cash dividends totaled at SR4.5 billion (USD1.2 billion) to shareholders for the second half of the previous year.

    According to the company, eligible shares will be entitled to a payment of SR1.5 per share, introducing 15 percent of the nominal share rate.

    CEO Yousef Al-Benyan stressed the company’s pliability among the pandemic, marking an improved performance in sales rates to SR117 billion (about USD 31 billion).

    He further stated that “Our resilience is defined by our sound business model, operational efficiency, and effective customer engagement.”

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