Riyadh, Saudi Arabia – Saudi Chemical Company Holding will distribute cash dividend of 42,160,000 SAR ($11,385,120) to its shareholders.
Shareholders possessing a portion of the 843,200,000 shares eligible for dividends will benefit from this payout. Each share is set to receive a dividend of 0.05 SAR, which represents a 5% dividend relative to the share par value. The rate is considered a generous return in the current economic climate and underlines the company’s strong financial position and positive outlook.
The eligibility date for this dividend distribution is set for Thursday, January 25, 2024, which corresponds to the 13th of July, 1445 in the Islamic calendar. Eligibility is determined based on shareholders who own the shares on this specified date and are duly registered in the company’s shareholders’ register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.
Distribution of these dividends will commence on Sunday, February 4, 2024 (corresponding to the 23rd of July, 1445 AH), marking a significant date for the company’s investors.
