Advanced to pay Q4 dividend tomorrow

03/04/2018 Argaam

 

Advanced Petrochemical Co. will start depositing its Q4 2017 cash dividend in shareholders bank accounts tomorrow, Apr. 4, the company said in a statement to Tadawul on Tuesday.

 

Registered shareholders at the Securities Depository Center Co. (Edaa) on the end of the second trading day following the meeting are eligible to receive the dividend.

 

Last month, the company’s general assembly meeting approved a 7 percent cash dividend for the fourth quarter of 2017, at SAR 0.70 per share, amounting to SAR 137.8 million.

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