RIYADH — SABIC’s ordinary general assembly meeting which was held Tuesday approved all the items on its agenda including the final accounts for the financial year 2020.

Based on the Board’s recommendation, the meeting approved SR4.5 billion cash dividends for the second half of 2020 at SR1.5 per share, representing 15% of the nominal share value.

Also the Board approved SR4.5 billion cash dividends for the first half of 2020 at SR1.5 per share, representing 15% of the nominal share value.

Eligibility for the second half dividends of the year will be for the shareholders owning shares on the due date — that is, the date of the Ordinary General Meeting.

The dividends will be distributed on May 3, 2021. The total dividend for 2020 is SR9 billion at SR3 per share, representing 30% of the nominal value per share.

The Vice Chairman and CEO of SABIC Yousef Al-Benyan extended thanks to the Custodian of the Two Holy Mosques King Salman and Crown Prince Muhammad Bin Salman for their great efforts in dealing with the consequences of the pandemic. — SPA