Advanced Petrochemical plans 7.5% dividend for Q2-16

17/05/2016 Argaam

Advanced Petrochemical Co.’s board of directors has recommended paying shareholders a 7.5 percent cash dividend at the rate of SAR 0.75 per share for the second quarter of 2016, the company said in a statement Tuesday.

 

Cash Dividend Details (Q2-2016)

Current Capital

SAR 1639.95 mln

Number of shares

163.99 mln

Cash dividend

SAR 123 mln

Percent capital

7.5% (SAR 0.75 /share)

Record date

June 30, 2016

Payment day

To be determined

 

Dividend for H1-2016

Total cash dividend

SAR 246 mln

Percent of capital

15% (SAR 1.5/shares)