SABIC said in a statement on Tadawul Saudi Arabia that it had completed that study, which led to the signing of a memorandum of understanding with Saudi Aramco and the Chinese Oil and Chemical Company (Sinopec) to study the economic and technical feasibility of developing a petrochemical industrial complex in integration with a local refinery in Yanbu Industrial City.
SABIC had announced a few days ago the decision of the Board of Directors to distribute cash dividends to shareholders for the second half of the year 2022, with a total of 6 billion riyals for the number of shares entitled to dividends, 3 billion shares, according to Al Arabiya Net.
SABIC said that the share of the share from the distribution is two riyals, with a distribution ratio to the nominal share value of 20%.
The eligibility of the cash dividends will be for the shareholders who own the shares on the due date and are registered in the company’s shareholder register at the Depository Center at the end of the second trading day following the due date, which will be on Monday 21 Shaaban 1444 AH (according to the Umm Al-Qura calendar) corresponding to 13 March 2023 AD.