Riyadh – Mubasher: The shareholders of SABIC Agri-Nutrients Company approved the board’s recommendation to pay out SAR 3.80 billion as cash dividends for the second half (H2) of 2022.
Eligible shareholders will receive SAR 8 per share, equivalent to 80% of the par value, on 13 April 2023.
The ordinary general meeting (OGM) greenlighted the dividends proposal on 26 March, according to a bourse filing.
Last December, the board members suggested the H2-22 cash dividends.
In 2022, SABIC Agri-Nutrients generated SAR 10.03 billion in net profits after Zakat and tax, higher by 91.98% than SAR 5.22 billion a year earlier.
Revenues enlarged by 97.88% to SAR 18.98 billion as of 31 December 2022 from SAR 9.59 billion in 2021, while the earnings per share (EPS) jumped to SAR 21.08 from SAR 10.98.
