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Yansab plans SAR 1.25/shr dividends for H1-20

Yansab plans SAR 1.25/shr dividends for H1-20
Cash dividends stand at a total SAR 703.13 million
YANSAB
2290
-1.97% 37.25 -0.75

Riyadh – Mubasher: The board of Yanbu National Petrochemical Company (Yansab) has recommended the distribution of SAR 703.13 million in cash dividends to shareholders for the first half (H1) of 2020.

The proposed dividends will be distributed at SAR 1.25 million, representing 12.5% of the share’s par value, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

A total of 562.5 million shares are eligible for the dividends.

Eligibility date has been set as 9 July 2020, while the distribution is set to take place on 26 July.

The company reported a 73.3% decline in net profit during the first quarter (Q1) of 2020 to SAR 104.5 million, as recently shown by its interim financial results.