Yanbu National Petrochemical Company “Yansab” announced the board of directors’ recommendation to distribute cash dividends to shareholders for the second half of 2021, with a total of 843.75 million riyals, for 562.5 million outstanding shares.
“Yansab” said in a statement on “Saudi Tadawul”, today, Thursday, that the share’s share of the distribution is 1.5 riyals, with a distribution ratio of 15% to the nominal value of the share.
The eligibility for cash dividends will be for shareholders owning shares on the due date who are registered in the company’s shareholders register at the Depository Center at the end of the second trading day following the day of the company’s general assembly, which will be announced later, and the distribution date will be announced later.
The profits of Yanbu National Petrochemical Company “Yansab” decreased after zakat and tax in the third quarter of 2021 by 8.07% to 179.8 million riyals, compared to 195.6 million riyals in the same period of 2020.
In terms of results for the first nine months of 2021, Yansab’s profits increased by 246.88% to 1.196 billion riyals, compared to 344.9 million riyals in the same period of 2020.
