SABIC Agri-Nutrients declares $508m dividends for H1

RIYADH: 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.