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Thndr Claps » Saudi Claps » Energy🔋 » Sipchem distributes SAR 1 billion in dividends 🤑

Sipchem distributes SAR 1 billion in dividends 🤑

by Omar El Shorafa
December 1, 2022

The Clap
Sipchem (2310) will distribute cash dividends to shareholders of about SAR 1.1 billion for H2 2022, around 15% of the company’s capital.

What
The dividends will be SAR 1.5 per share, to be distributed across 725 million shares.

So What
The company’s total cash dividend distribution reached about SAR 8.5 billion since 2007.

The cash dividends this year are the largest in the last 16 years.

Sipchem’s net profit increased by 37.23% in the first nine months of 2022, compared to the same period in 2021.

Now What
The dividends will be distributed on December 15th

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