Riyadh – Mubasher: Advanced Petrochemical Company on Thursday announced that its registered shareholders will receive a cash dividend of SAR 0.70 per share for the first quarter of 2017.

Payouts will begin on Thursday, 20 April 2017, for shareholders registered in the company’s books by the end of trading on 30 March 2017, the company said in a statement to the Saudi Stock Exchange (Tadawul).

“Al Rajhi Bank will process the dividend distribution to all eligible shareholders through direct transfers to their accounts,” the company added.

The petrochemical company had previously reported a 2.52% increase in profits to SAR 731 million for the full year 2017 compared to SAR 713.03 million.