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Yansab shareholders approve SAR 3/shr dividend

Yansab shareholders approve SAR 3/shr dividend
Photo Credit: Arabianeye-Reuters
YANSAB
2290
-3.42% 36.70 -1.30

Riyadh-Mubasher: Shareholders of Yanbu National Petrochemical Co. (Yansab) gave a nod to the payment of cash dividend at 30% of the stock’s par value, or SAR 3 per share, totaling nearly SAR 1.7 billion.

The board earlier proposed cash dividend for the first half of 214 at 15% of the stock’s par value, or SAR 1.5 per share.

Shareholders of record on 19 March are eligible for H2-14 dividend which will be paid at SAR 1.5 a share on 1 April.