Advanced Petrochemical Co.’s general assembly approves a 7 percent cash dividend for the fourth quarter of 2018, at SAR 0.70 per share, amounting to SAR 137.8 million.
The company’s shareholders also delegated the board of directors to distribute cash dividend for FY 2019 along with determining eligibility and distribution dates according to rules and regulations issued by the Capital Market Authority (CMA).
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Dividend Details (Q4 2018) |
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Current Capital |
SAR 1.968 bln |
|
Number of shares |
196.79 mln |
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Dividend |
SAR 137.8 mln |
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Percentage of capital |
7% (SAR 0.7 per share) |
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Record date |
March 19, 2019 |
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Payment date |
To be determined |
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Dividend (FY 2018) |
|
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Total cash dividend |
SAR 551.2 mln |
|
Percent of capital |
28% (SAR 2.8/share) |
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