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Sipchem announces the distribution of dividend for first half period of 2018

SIPCHEM 2310 0.93% 32.55 0.30

Saudi International Petrochemical Company (Sipchem) announces that in accordance with the company's dividends distribution policy and supported by the company's strong financial performance for 2018, Sipchem's Board of Directors recommended, on Wednesday July 25, 2018, that a dividend be paid to shareholders for the first half of 2018 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 number of Shares eligible for the dividend is 366,666,666.
5. The eligibility date will be at closing of trading on Wednesday, August 01, 2018 and the shareholders who will receive the dividends will be as per the shareholder registry of the Securities Depository Center at the end of the second trading day following the eligibility date.
6. The distribution 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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