Sahara International Petrochemical Company “Sipchem” announced the distribution of cash dividends to shareholders for the first half of 2022, with a total of about 1.27 billion riyals, for the number of shares entitled to dividends, about 726.23 million shares.
Sipchem said in a statement on “Saudi Tadawul”, today, Wednesday, that the share’s share of the distribution is 1.75 riyals, with a distribution ratio of 17.5% to the nominal value of the share.
The eligibility for profits is for the company’s shareholders who own shares at the end of trading on Wednesday, July 6, 2022 and are registered in the company’s shareholders’ register at the Securities Depository Center “Depository Center” at the end of the second trading day following the due date.
The distribution date will be 27 Dhu al-Hijjah 1443 AH.
The net profit of Sahara International Petrochemical Company “Sipchem International” increased by 162.16% in the first quarter of 2022, to reach about 1.079 billion riyals after zakat and tax, compared to about 411.5 million riyals in the same quarter of 2021.