Mubasher TV
Contact Us Advertising   العربية

33 Saudi companies announce SAR21bn dividends

33 Saudi companies announce SAR21bn dividends
Photo Credit: Arabianeye - Reuters
SAMBA
1090
4.62% 38.50 1.70
SABIC AGRI-NUTRIENTS
2020.B
1.52% 133.60 2.00
Default Company
1010.O
0.00% 0.00 0.00

STC
7010
-1.31% 41.40 -0.55
Default Company
1180.O
0.00% 0.00 0.00
Default Company
2010.O
0.00% 0.00 0.00

By Mohamed Abu Meleeh

Riyadh – Mubasher: A total of 33 Tadawul-listed companies have announced the distribution of cash dividends at a combined value of SAR 20.55 billion ($5.48 billion).

These companies are under 11 sectors. The petrochemical industries sector accounted for around half these dividends (49%), followed by banks (30.7%), then telecommunications (9.7%) and cement (5.13%), according to statistics compiled by Mubasher.

Distribution dates for these dividends fall between July and August, except for SABIC’s dividends that will be paid on 2 September. Meanwhile, record dates for dividends are between 25 June and 20 August.

Some of these dividends were distributed for the first half of 2015, while others were for the second quarter of the same year. Meanwhile, SADAFCO will pay full-year dividends.

Six companies accounted for 71% of the dividends value, including five that announced half-year dividends, namely SABIC, NCB, SAFCO, Samba and Riyad Bank. Meanwhile, Saudi Telecom will pay Q2 dividends. The six companies pay dividends in billions of riyals.

Giant petrochemical firm SABIC accounts for 36.5% of the dividends, while STC and NCB dominated 9.7% and 7.8% respectively.

Translated by Sayed Abdel Rahman.