Mubasher TV
Contact Us Advertising   العربية

Advanced Petrochemical proposes SAR0.70/shr dividends for Q3

Advanced Petrochemical proposes SAR0.70/shr dividends for Q3
Total dividends worth SAR 137.8 million and will be distributed over 196.79 shares
ADVANCED
2330
4.81% 39.20 1.80

Riyadh – Mubasher: Advanced Petrochemical Company has recommended the distribution of cash dividends to shareholders for the third quarter of 2018 at SAR 0.70 per share, or 7% of nominal value.

Total dividends worth SAR 137.8 million and will be distributed over 196.79 shares, the company said in a filing to the Saudi Stock Exchange (Tadawul) on Wednesday.

“The eligibility of dividends shall be for the shareholders at the closing of trading on 30 September and as per the registered shareholders in the register of the Securities Depository Center (SDC) at the end of the second trading day following the eligibility date,” according to the filing.

The company will reveal the dividend distribution date later.

Advanced Petrochemical began the distribution of cash dividends for Q2-18 at SAR 0.70 per share as of 19 July through Al-Rajhi Bank.

The company last reported that its net profits jumped 30.07% year-on-year to SAR 253 million in the second quarter of 2018, compared to SAR 194.51 million in the year-ago period.