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.
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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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