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Yansab shareholders OK cash dividends for H2-15

Yansab shareholders OK cash dividends for H2-15
Saudi currency (Photo Credit: Arabianeye - Reuters)
YANSAB
2290
-2.69% 38.00 -1.05

Riyadh – Mubasher: Shareholders of Yanbu National Petrochemicals Co. (Yansab), in an extraordinary general meeting held Thursday, gave a nod to the distribution of cash dividends for the second half of 2015 at SAR 1 per share, or 10% of capital.

Shareholders of record on the EGM date will be eligible for the dividend distribution that will start 14 April.

The petrochemical producer earlier paid cash dividends for H1 at SAR 1 per share, or 10% of capital. Thus, FY15 dividend payout will reach SAR 1.125 billion, or 20% of capital.