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Saudi Chemical’s board proposes 5% dividend payout

Saudi Chemical’s board proposes 5% dividend payout
Saudi Chemical will pay SAR 0.5 per share
CHEMICAL
2230
0.27% 37.55 0.10

Riyadh – Mubasher: The board of the Saudi Chemical Company recommended distributing 5% of the capital as cash dividends for 2020, according to a disclosure to Tadawul on Thursday.

The company will pay SAR 0.5 per share to the entitled shareholders at a total value of SAR 42.16 million.

Saudi Chemical achieved a 124.2% increase in net profit to SAR 74 million after Zakat and tax in 2020, compared with SAR 33 million in 2019.