Riyadh – Mubasher: Advanced Petrochemical Company’s board of directors recommended during its meeting on Tuesday the distribution of cash dividends at SAR 0.75 per share (7.5% of the capital for the second quarter of the fiscal year 2016, totalling SAR 123 million.
According to a bourse filing, the dividend eligibility will be for shareholders registered till the end of trading on 30 June, and the payment date will be announced later.
The board earlier proposed the same cash dividends for the first quarter of fiscal 2016.
The stock closed today with a rise of 0.08% to SAR 49.83.
