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    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
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Saudi Basic Industries : SABIC board of director recommends distributting SR 5,250,000,000 cash dividend for the first half of 2021

07/01/2021 | 11:15pm EDT

The Board of Directors of Saudi Basic Industries Corporation (SABIC) recommended in its meeting on Monday, Dhul Qidah 12, 1442 H (June 22, 2021), the distribution of interim cash dividends to shareholders for the first half of 2021 amounting to SR 5,250,000,000 at SR 1.75 per share. Eligibility will be for the shareholders registered in the Securities Depository Center by the end of second trading day following the date of maturity; which will be Sunday Safar 12, 1443H (according to the Umm Al-Qura calendar), corresponding to September 19, 2021. The dividend distribution date will be on Sunday 26 Safar 1443H (according to the Umm Al-Qura calendar) corresponding to 03 October 2021.

SABIC issued a statement with the number of shares eligible for profit: 3,000,000,000 shares, while the distribution ratio to nominal value was 17.5%. The company called on its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited with their banks on the distribution day. All the certificates they hold should be deposited in their portfolios through submission to the Securities Depository Center Company (Edaa), Riyadh (King Fahd Road, Towers Cooperative, Eastern Tower, Ground Floor, or contact +966-920001919.

The company would like to draw the attention of non-resident investors: The dividend paid by the company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations.

Accordingly, the company emphasize to non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the company within five calendar days from the eligibility date and to provide the company with documents supporting tax exemption, via:

1- Telephone: +966-11-2258000, Extension- 1

2- Mobile: +966530013051

3- Email: IR@sabic.com

Disclaimer

SABIC - Saudi Basic Industries Corporation SJSC published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2021 03:02:01 UTC.


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Analyst Recommendations on SAUDI BASIC INDUSTRIES CORPORATION
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Financials
Sales 2021 160 B 42 566 M 42 566 M
Net income 2021 21 108 M 5 627 M 5 627 M
Net cash 2021 3 110 M 829 M 829 M
P/E ratio 2021 18,5x
Yield 2021 2,75%
Capitalization 386 B 103 B 103 B
EV / Sales 2021 2,40x
EV / Sales 2022 2,38x
Nbr of Employees 35 000
Free-Float 22,4%
Chart SAUDI BASIC INDUSTRIES CORPORATION
Duration : Period :
Saudi Basic Industries Corporation Technical Analysis Chart | 2010 | SA0007879121 | MarketScreener
Technical analysis trends SAUDI BASIC INDUSTRIES CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 128,80 SAR
Average target price 114,97 SAR
Spread / Average Target -10,7%
EPS Revisions
Managers and Directors
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Khaled Hamza Nahas Independent Director
Sector and Competitors