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SIPCHEM ANNOUNCED THE BOARD PROPOSES TO PAY A CASH DIVIDEND FOR THE FINANCIAL YEAR 2017

SIPCHEM 2310 -4.92% 30.95 -1.60

Saudi International Petrochemical Company (Sipchem) announced the Board of Directors of Sipchem, decided on the meeting yesterday Tuesday December 19, 2017 recommendation to the General Assembly a payment of dividend for the financial year 2017 as follows:

1.Total distributed dividends of SR 183,333,333.
2. Dividend per share of SR 0.5
3.The dividend represents 5% of the nominal value of each share.
4. The eligibility number of Shares dividend 366,666,666.
5. The distribution is limited to the shareholders who are registered in Tadawul at the end of the second trading day following the General Assembly Meeting which will be determine after obtaining the formal approval for the related government agencies.
6.Distrubtion date will be announced later.

Sipchem would like to remind its shareholders to update their data and to make sure to link their bank accounts to their investment portfolios to ensure receipt of their future dividends directly in their accounts.

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