Riyadh – Mubasher: The board of Yanbu National Petrochemical Company (Yansab) has recommended to pay out cash dividends to shareholders, equivalent to 12.5% of the nominal value, for the second half (H2) of 2020.

The cash dividend distribution settles at SAR 1.25 per share, aggregating at an amount of SAR 703.13 million, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.

Hence, the cash dividend will be distributed over 562.5 million shares.

The cash dividends will be paid out to the shareholders holding the company's shares on the eligibility date and enrolled in the company's register at Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the ordinary general meeting (OGM), which will be announced later.