Saudi Basic Industries Corporation (SABIC) has decided to distribute cash dividends totalling SAR 5.10 billion for the second half of 2024.
Eligible shareholders will receive SAR 1.70 per share, representing 17% of the share’s par value, for a total of 3 billion eligible shares. According to a bourse filing, the dividend eligibility date is set for February 11, 2025, with distribution scheduled for March 4, 2025.
The decision comes as SABIC reports a significant turnaround in its financial performance for the first nine months of 2024. The company posted net profits of SAR 3.43 billion, recovering from net losses of SAR 1.04 billion during the same period in 2023.