Yansab shareholders to vote on dividend for H2

Yanbu National Petrochemical Co. (Yansab) shareholders will discuss the board’s recommendation to issue a 17.5 percent dividend (SAR 1.75 a share), totaling SAR 984.37 million, for H2 2017, during the company’s general assembly meeting on April 2.

Shareholders of record on the second trading day following the general meeting are entitled to receive dividend, Yansab said in a bourse statement on Thursday.

During the meeting, shareholders will also approve the cash dividend of SAR 1.5 a share paid in H1 2017.

In addition, the assembly will approve the board of directors’ report, audit report, and all financial statements for 2017.

Other items on the agenda include selecting an external auditor for 2018 and approving board bonuses at SAR 1.4 million for 2017.