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Sipcot Fertilizers to pay 1.67bn riyals
SABIC Agricultural Nutrients Company has announced its approval to distribute a staged cash dividend totaling 1.67 billion riyals for the first half of 2026. The distribution amount will be 3.5 riyals per share, representing 35% of the nominal value, and will be paid starting August 10, 2026, to shareholders registered by the end of trading on July 30, 2026. The company aims to strike a balance between sustainable dividend distribution and supporting growth and expansion plans, while encouraging its shareholders to update their bank account information to ensure smooth dividend payments. Additionally, dividend distributions are subject to a 5% withholding tax for non-resident investors, who must submit the necessary documents to benefit from tax exemption.
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