Sipchem announces Board Approval for dividend distribution for first half period of 2019
Thursday, September 26, 2019
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ELEMENT LIST

EXPLANATION

Title of Announcement

Sipchem announces Board Approval for dividend distribution for first half period of 2019

 

1stHalf of 2019

Introduction

Sahara International Petrochemical Company (Sipchem) announced on Wednesday September 25, the Board’s approval of a dividend distribution for the first half period of 2019 as follows:

Board Resolution Date

September 25, 2019

Total Amount of Dividend Distributed

SAR 439,999,999

Number of Shares Eligible for Dividends

733,333,332 share

Dividend per share

SAR 0.60

Percentage of Dividend to the Share Par Value (%)

6%

Eligibility date

Shareholders eligible to receive dividends are those who own shares on the maturity date: namely Wednesday, 02/10/2019G, and are registered with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the eligibility date.

Distribution Date

October 16, 2019

Others Information

The company will announce the distribution mechanism and the bank name at a later date.