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Sahara Petrochemical Co. announces the distribution of dividend for the first half of 2018

Sahara 2260 1.16% 17.46 0.20

After the company's strong financial performance for the first half of 2018, Sahara Board of Directors recommended by circular on August 08, 2018, that a dividend be paid to shareholders for the first half of 2018 as follows:

1. Total distributed dividends of SR 219,397,500.
2. Dividend per share of SR 0.50.
3. The dividend represents 5% of the nominal value of each share.
4. The number of Shares eligible for the dividend is 438,795,000.
5. The eligibility date will be at closing of trading on Thursday, August 16, 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.

Sahara Petrochemicals Co. 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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