Advanced Petrochemical approves 7% dividend for Q4 2018

20/03/2019 Argaam

 

Advanced Petrochemical Co.’s general assembly approves a 7 percent cash dividend for the fourth quarter of 2018, at SAR 0.70 per share, amounting to SAR 137.8 million.

 

The company’s shareholders also delegated the board of directors to distribute cash dividend for FY 2019 along with determining eligibility and distribution dates according to rules and regulations issued by the Capital Market Authority (CMA).

 

Dividend Details (Q4 2018)

Current Capital

SAR 1.968 bln

Number of shares

196.79 mln

Dividend

SAR 137.8 mln

Percentage of capital

7% (SAR 0.7 per share)

Record date

March 19, 2019

Payment date

To be determined

Dividend (FY 2018)

Total cash dividend

SAR 551.2 mln

Percent of capital

28% (SAR 2.8/share)

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