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Yansab's board proposes 12.5% of capital for H2-22 dividends

Yansab's board proposes 12.5% of capital for H2-22 dividends
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YANSAB
2290
-2.69% 38.00 -1.05

Riyadh – Mubasher: The board of Yanbu National Petrochemical Company (Yansab) recommended distributing cash dividends worth SAR 703.12 million, representing 12.50% of the capital, to shareholders for the second half (H2) of 2022.

Yansab will disburse dividends of SAR 1.25 per share for 562.50 million eligible shares, according to a bourse filing.

The Tadawul-listed firm indicated that the distribution date will be announced at a later time.

In the first nine months (9M) of 2022, the company’s net profits after Zakat and tax amounted to SAR 510.60 million, down 57.32% year-on-year (YoY) from SAR 1.19 billion. 

Revenues rose by 2.60% to SAR 5.62 billion in 9M-22 from SAR 5.48 billion in 9M-21, whereas the earnings per share (EPS) plunged to SAR 0.91 from SAR 2.13.