Rabigh Refining and Petrochemical Company (Petro Rabigh) announces the recommendation of its Board dated March 7, 2018 for General Assembly to distribute dividends to Petro Rabigh shareholders for the period between January 1 to December 31 of the year 2017 as follows:
1- Total amount of dividends distribution is SAR 438,000,000
2- Dividend per share SAR 0.5
3- Number of outstanding shares: 876,000,000
4- Dividend represent 5% of the nominal value.
5- The entitlement to the shareholders holding the shares on the maturity date registered in the Issuer's Register of Shareholders at the Depository Center shall be at the end of the second trading day following the date of the General Assembly, of which, the date will be announced later.
6- The dividend distribution date will be announced later.
The company would like to remind its valued shareholders to update their bank credentials and make sure to connect their bank account numbers to their investment portfolios to ensure the deposit of dividends to their accounts in the distribution day.