Advanced Petrochemical’s BOD recommends 10% cash dividends (SAR 1.00share) for Q3 2014

04/09/2014 Argaam

The BOD of Advanced Petrochemical Company approved a revised dividend distribution policy to be on quarterly basis, on its meeting held September, 03, 2014.

The Company’s BOD recommended 7.5% cash dividends (SAR 0.75/share) for Q3 2014 in addition to 2.5% (SAR 0.25/share) extraordinary dividend as a one of event due to additional profit from the Company’s investment in Saudi equity market, as follows:

Cash dividends details

SAR 1639.95 mn

Current capital

163.99 mn shares

Number of shares

SAR 163.99 mn

Q3 cash dividends

10% ( SAR 1/share)

% of capital

September, 30, 2014

Record date

9 months dividends

SAR 368.99 mn

Total dividends

22.5% ( SAR 2.25/share)

% of capital
 

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