MOSCOW, November 15. /TASS/. The board of directors of Sibur has recommended that shareholders approve the payment of dividends for 9M 2024 in the amount of 9.3 rubles per share, or a total of 23.52 bln rubles ($235 mln), the company reported.

The recommended record date is December 17.

Thus, taking into account dividends paid for the first six month amounting to 62.54 bln rubles (24.4 rubles per share), Sibur may allocate 33.7 rubles per ordinary share, or 86.06 bln rubles ($862 mln), in total for nine months of 2024.

Sibur's dividend policy suggests a minimum dividend payment of 50% of adjusted net profit under the International Financial Reporting Standards (IFRS). The new policy applies to reporting periods beginning on July 1, 2020.

Sibur is Russia’s largest vertically integrated gas processing and petrochemical company, uniting a number of production sites in various regions of the country. The company sells products to consumers in the fuel and energy complex, automotive, construction, consumer goods, chemical, and other industries.