Petrochem approves 5% dividend for FY17

17/04/2018 Argaam

The National Petrochemical Co.’s (Petrochem) general assembly approved a 5 percent cash dividend for fiscal year 2017, at SAR 0.5 per share, amounting to SAR 240 million.

 

Shareholders also delegated the company’s board of directors to issue semi-annual or quarterly dividend for fiscal year of 2018.

 

Cash Dividend Details (FY 2017)

Current capital

SAR 4.8 bln

Number of shares

480 mln

Cash dividend

SAR 240 mln

Percent capital

5% (SAR 0.5 per share)

Record date

April 16, 2018

Payment date

April 29, 2018

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