AI Summary
National Petrochemical Co.’s (Petrochem) shareholders have approved a 5 percent cash dividend for the fiscal year of 2018, during the general assembly meeting held on Sunday.
Shareholders have also elected board members for the upcoming three-year term starting on April 11, 2019.
The new board includes Hamad S. AlSayari, Suliman M. Al-Mandeel, Rasheed Owain, Khalid Alarifi, Abdulrahman S. Alismail, Ziyad Al Shiha, Eyad Abdulrahman Al-Hussain and Abdullatif Al Saif.
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Dividend Details (2018) |
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Current Capital |
SAR 4.8 bln |
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Number of shares |
480 mln |
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Dividend |
SAR 240 mln |
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Percentage of capital |
5% (SAR 0.5 per share) |
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Record date |
April 7, 2019 |
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Payment date |
April 16, 2019 |
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