Advanced Petrochemical recommends 7% dividend for Q2 2017

17/05/2017 Argaam

Advanced Petrochemical Company’s board of directors has recommended a 7 percent cash dividend (SAR 0.7 per share) for the second quarter of 2017, bringing the total dividend issued for the first half to SAR 1.4 per share.

Shareholders of record on June 22, and those registered at the Securities Depository Centre two trading days after that date, will be eligible to receive the dividend.

Cash Dividend Details (Q2 2017)

Current capital

SAR 1.968 bln

Number of shares

196.79 mln

Cash dividend

SAR 137.8 mln

Percent capital

7% (SAR 0.7/share)

Record date

June 22, 2017

Payment day

To be determined

Dividend for H1 2017

Total cash dividend

SAR 275.6 mln

Percent of capital

14% (SAR 1.4/share)


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