YANSAB Announces H1 2026 Interim Dividend of SAR 1 Per Share

Yanbu National Petrochemical Company (YANSAB), listed on the Saudi Stock Exchange under ticker 2290, announced a Board decision to distribute interim cash dividends to shareholders for the first half of 2026. The total dividend amounts to SAR 562.5 million, at a rate of SAR 1 per share, representing 10% of the share's par value across 562.5 million eligible shares.

Dividend Details

Eligibility and Tax Information

Shareholders registered with the Securities Depository Center Company (Edaa) by the eligibility date of September 6, 2026 will qualify for the dividend. Non-resident investors should note that a 5% withholding tax applies to dividends, unless a valid tax exemption certificate issued by the Zakat, Tax and Customs Authority is submitted to the company within five calendar days of the eligibility date.

Impact on the Stock

Dividend announcements are generally viewed positively by the market as they signal financial health and shareholder returns. However, the stock price typically adjusts downward by the dividend amount on the ex-dividend date.

What This Means for Investors

This interim dividend provides a cash return to shareholders for the first half of 2026, reflecting YANSAB's commitment to distributing profits. Investors should consider the eligibility and payment dates in their planning, and non-resident investors must be aware of the withholding tax requirements.