Sabic to distribute $1.4bn as interim dividend for H1
RIYADH, 1 days ago The Board of Directors of Saudi Basic Industries Corporation (Sabic) has recommended the distribution of interim cash dividends to shareholders for the first half of 2021 amounting to SR5.25 billion ($1.4 billion) at SR1.75 ($0.46) per share. Eligibility will be for the shareholders registered in the Securities Depository Center by the end of second trading day following the date of maturity; which will be September 19, 2021. The dividend distribution date will be on October 3, 2021. Sabic issued a statement with the number of shares eligible for profit: 3,000,000,000 shares, while the distribution ratio to nominal value was 17.5%. The company called on its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited with their banks on the distribution day.
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Edaa announces capital market approval of ICSDs
RIYADH, 5 days ago Saudi Arabia’s Securities Depository Center Company (Edaa) has announced the Capital Market Authority’s (CMA) approval of the International Central Securities Depositories (ICSD) Instructions. Through these changes, Edaa aims to develop a consistent regulatory environment which is aligned with international best practice and helps to raise the efficiency and attractiveness of the Saudi capital market for foreign investors, while increasing the demand for debt instruments and ETFs listed on the Saudi Exchange. This comes as part of the continuous development efforts by Edaa to build and strengthen bridges between issuers and investors, as well as provide market participants with secure and efficient services.
Saudi Securities Depository Center Company (Edaa) Announces The Regulation Of The International Central Securities Depositories (ICSDs) Instructions By The Saudi Capital Market Authority Date
09/05/2021
The Securities Depository Center Company (Edaa) announced today the Capital Market Authority’s (CMA) approval of the International Central Securities Depositories (ICSD) Instructions. Through these changes, Edaa aims to develop a consistent regulatory environment which is aligned with international best practice and helps to raise the efficiency and attractiveness of the Saudi capital market for foreign investors, while increasing the demand for debt instruments and ETFs listed on the Saudi Exchange.
This comes as part of the continuous development efforts by Edaa to build and strengthen bridges between issuers and investors, as well as provide market participants with secure and efficient services.