Sabic has announced SR6.75 billion ($1.8 billion) cash dividends for the second half (H2) of 2021, in addition to SR5.25 billion ($1.4 billion) dividends for H1, bringing the total dividends for 2021 to SR12 billion ($3.2 billion).
Sabic, a global leader in the chemical industry, has announced SR6.75 billion ($1.8 billion) cash dividends for the second half (H2) of 2021, in addition to SR5.25 billion ($1.4 billion) for H1, thus bringing the total to SR12 billion ($3.2 billion).
RIYADH: Chemical giant Saudi Basic Industries Corp. saw its share price drop in today’s trading session, after shareholders approved record dividends for 2021. Shares fell by 2.4 percent to SR132 ($35), down from SR136 at the previous close. With the latest decline, SABIC now holds a market valuation of SR397 billion. This followed the disclosure of shareholders’ general