Riyadh – Mubasher: Advanced Petrochemical Company announced that the dividends distribution for the fourth quarter (Q4) of 2019 will begin on Monday 20 April 2020.
In December, the company’s board of directors recommended the distribution of SAR 0.65 per share, equivalent to 6.5% of the share’s par value, in cash dividends to shareholders for Q4-20, which was approved by shareholders at the beginning of the month.
The dividends will be transferred to the shareholders’ respective bank accounts that are linked with the portfolios in Tadawul records at the closing of trading on 31 March and as per the registered shareholders at the end of the second trading day following the eligibility date.
Al Rajhi Bank will process the distributions to eligible shareholders’ accounts through direct transfers, the company disclosed in a statement to the Saudi Stock Exchange (Tadawul).
