Advanced plans dividend for Q3 2019

13/10/2019 Argaam

Advanced Petrochemical Co.’s board of directors has recommended a 6.5 percent cash dividend for the third quarter of 2019, at SAR 0.65 per share, amounting to SAR 140.7 million.

 

In September, Advanced Petrochemical increased its capital to SAR 2.1647 billion from SAR 1.97 billion through a 10 percent bonus shares.

 

The company paid SAR 1.4 per share cash dividend for H1 2019 or 14 percent of capital before increase.

 

Dividend Details (Q3 2019)

Current Capital

SAR 2.1647 bln

Number of shares

216.47 mln

Dividend

SAR 140.7 mln

Percentage of capital

6.5% (SAR 0.65 per share)

Record date

Oct. 17, 2019

Payment date

To be determined

Dividend for 9M 2019

Total dividend

SAR 416.3 mln

 

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