Economy
Sipchem’s shareholders to receive $388m in semi-annual dividends

Follow-ups -eshrag News:
Wed, 2022-06-29 16:51
RIYADH: Sahara International Petrochemical Co, or Sipchem, will distribute SR1.27 billion ($388 million) in dividends for the first half of 2022.
The payout per share stands at SR1.75, with nearly 726 million shares eligible for dividends, the petrochemicals maker said in a bourse filing.
The company had earlier reported a 162 percent increase in first-quarter profit to SR1.08 billion due to a higher share of profit from joint ventures.
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