Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) recommended distributing a cash dividend of SAR 1.75 per share, representing 17.5% of the share’s par value, to the entitled shareholders for the first half (H1) of 2021.

SABIC will pay a total of SAR 2.25 billion on 3 October, with the equityholders eligible for the dividend payout are those registered on 19 September this year, according to a bourse filing on Tuesday.

The company said the number of shares eligible for H1-21 dividends stands at 3 billion.

SABIC had distributed dividends worth SAR 9 billion for the full year 2020.