Addendum Announcement from Sipchem regarding the Date and Mechanism for Dividends Distribution to Shareholders for First Half of 2019
Monday, October 07, 2019
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ELEMENT LIST

EXPLANATION

Title of Announcement

Addendum Announcement from Sipchem regarding the Date and Mechanism for Dividends Distribution to Shareholders for First Half of 2019

Introduction

With reference to Sahara International Petrochemical Company (Sipchem) announcement on the Tadawul website on 26/09/2019, that its Board of Directors had recommended the distribution of a cash dividend to shareholders for the first half of 2019. This dividend to be at a rate of SR (0.60) per share. This represents (6%) of the shares nominal value and the total amount of the dividend paid will amount to SR (439,999,999).

Date of Posting the Previous Announcement of Development on Tadawul's Website

26/09/2019

Change on the Development

Sipchem is pleased to announce that Al-Rajhi Bank will start on Tuesday, October 16, 2019 to distribute this dividend to shareholders by crediting such dividends to the eligible shareholders’ accounts linked to their investment portfolios.

For shareholders who are non-residents of the Kingdom, (5%) of the value of the dividends paid will be deducted as with-holding tax in accordance with the provisions of article 68 of the Zakat and Income Tax regulations.

Financial Impact on the change

N/A

Additional Information

For any further questions relating to this dividend distribution, please contact Al-Rajhi Bank at 8001228888 or visit the nearest bank branch.

For more assistance, you can contact the Sipchem’s Investor Relations Department:

Tel: (013) 8019200

Fax: (013) 3599610

PO. Box 130 Khobar 31952

E-mail: [email protected]