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Sipac to pay 3.3B riyals dividend
Sabic has announced its approval to distribute cash dividends worth 3.3 billion riyals for the first half of 2026, at a rate of 1.10 riyals per share, which is equivalent to 11% of the nominal value, based on 3 billion eligible shares. Dividend payments will commence on September 1, 2026, with shareholders registered by the close of trading on August 11, 2026, being entitled to receive them. The decision comes amid geopolitical and logistical challenges and aims to balance maintaining flexible profit distributions with supporting strategic investments, while also adhering to tax obligations for non-resident investors.
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