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SAFCO plans SAR 476m dividends for H2

SAFCO plans SAR 476m dividends for H2
The proposed amount represents 10% of the share’s par value.
SABIC AGRI-NUTRIENTS
2020.B
1.52% 133.60 2.00

Riyadh – Mubasher: The Saudi Arabian Fertilizer Company’s (SAFCO) board recommended distributing SAR 476 million in cash dividends to shareholders for the second half (H2) of 2020.

The proposed amount represents 10% of the share’s par value and SAR 1 per share, according to a stock exchange statement on Tuesday.

Eligibility of dividends will be to the shareholders on the maturity date, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the general assembly’s meeting date.

The distribution date will be disclosed later.

During the first nine months in 2020, the company’s profits fell by 6.1% annually to total SAR 1.060 billion.