Sipchem announces the distribution of dividend for the Second half period of 2018
Monday, December 24, 2018
Back to News List

Explanation

Element List

Saudi International Petrochemical Company (Sipchem) announces that in accordance with the company’s dividends distribution policy and supported by the company’s strong financial performance for 2018, Sipchem’s Board of Directors recommended that a dividend be paid to shareholders for the second half of 2018.

Introduction

2018-12-23 Corresponding to 1440-04-16

Board Resolution Date

SR 238,333,333

Total Amount of Dividend Distributed

366,666,666 Shares

Number of eligible shares

SR 0.65

Dividend per share

6.5%

Percentage of Dividend to the share book value

The eligibility date will be at closing of trading on Tuesday, January 01, 2019 and the shareholders who will receive the dividends will be as per the shareholder registry of the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date.

Eligibility date

The distribution date will be announced later.

Dividend distribution date

Sipchem would like to remind its shareholders to update their data and to make sure to link their bank accounts to their investment portfolios to ensure receipt of their future dividends directly in their accounts.

Additional Information