Riyadh – Mubasher: The board of the Advanced Petrochemical Company proposed paying a cash dividend of SAR 0.7 per share, representing 7% of the share’s nominal value, to shareholders for the second quarter of 2019 during a meeting held on Thursday, 23 May.
The company will pay total dividends of SAR 137.8 million, according to a filing to the Saudi Stock Exchange (Tadawul) on Sunday.
The eligibility of dividends shall be for the shareholders at the end of trading on 30 June, and as per the registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.
The date of paying dividends will be specified later, the company said.
It is worth mentioning that Advanced Petrochemical achieved a net profit worth SAR 162 million in Q1-19.
