Riyadh-Mubasher: Advanced Petrochemical Co. (APC) said Tuesday its ordinary general meeting (OGM) will be held on 1 March, to discuss the board’s recommendation on paying cash dividends for the fourth quarter of 2015 at SAR 0.75 a share, totalling SAR 123 million.

Shareholders will also review financial statements and the board’s report.

The company earlier posted net earnings of SAR 146 million for Q4-15, a fall of 27% compared with SAR 200 million in the year-ago period.

Full-year net profits also declined 5% year-on-year from SAR 751 million to SAR 713 million.