Mubasher: The ordinary general meeting (OGM) of the Saudi International Petrochemical Co (Sipchem) approved distributing 5% of the capital as a cash dividend for fiscal year 2017.
Sipchem will pay SAR 0.50 per share at a total value of SAR 183.3 million for FY17, according to a bourse statement on Monday.
The dividends will be paid on 15 April to the entitled shareholders.
The company’s net income in FY17 surged by 914.85% to SAR 437.4 million.
