Riyadh - Mubasher: The extraordinary general meeting (EGM) of Advanced Petrochemical approved the distribution of 7% cash dividends of the capital for the fourth quarter of 2016.
The Saudi firm will pay SAR 0.70 per share to the entitled shareholders, with an overall value of SAR 137.8 million, according to a bourse statement issued on Wednesday.
Advanced Petrochemical has distributed a total of SAR 373.9 million as cash dividends for the first three quarters; thus, the dividends distributed for FY16 stand at SAR 511.7 million which accounts for 28.5% of the capital.
During Q4-16, the company achieved growth of 43.76% in profits to SAR 210 million from SAR 146.08 million.
