Saudi Basic Industries Corporation has announced a cash dividend of 20%, or SAR 2 per share, for the second half of 2022, the petrochemicals major said in a statement to the Saudi stock exchange.

The company will pay 6 billion Saudi riyals ($1.60 billion) in dividends for H2 2022 to shareholders on April 2, 2023.

The total number of shares eligible for the dividend are 3 billion, the statement added.

In June 2022, the company declared a cash dividend of 22.5% for the first half of 2022, thus taking the total dividend for 2022 to 42.5% to SAR 12.75 billion.