Arab News, Wednesday, Jun 29, 2022 | Zul Qaadah 29, 1443
SABIC Agri-Nutrients declares $508m dividends for H1
Saudi Arabia:
Saudi petrochemical firm SABIC Agri-Nutrients Co.’s board has decided to
distribute SR1.9 billion ($508 million) in dividends for the first half of 2022.
The dividend payout will be SR4 per share, to be
paid on Aug. 1 with almost 476 million shares eligible for dividends, the
homegrown company revealed in a bourse filing.
Half owned by chemical giant SABIC, SABIC
Agri-Nutrients had earlier posted a near six-fold jump in its quarterly profits,
buoyed by a surge in sales.
Despite global logistic hurdles, net profit soared
to SR2.5 billion in the first quarter of the year, compared to SR423 million in
the same period a year ago.