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Advanced Petrochemicals offers SAR 0.7/shr dividend for Q3

Advanced Petrochemicals offers SAR 0.7/shr dividend for Q3
Advanced Petrochemicals offers SAR 0.7/shr dividend for Q3
ADVANCED
2330
0.27% 37.40 0.10

Riyadh – Mubasher: Advanced Petrochemical Company on Sunday announced that its shareholders have approved a board recommendation for cash dividends for the third quarter of 2018.

The dividend distribution will begin on Thursday, 18 October and amounts to SAR 0.70 per share.

Shareholders registered in Tadawul’s records at the closing of trading on 30 September and those registered with the Securities Depository Center at the end of second trading day following the eligibility date will be entitled to the dividends, the company said in a bourse filing.

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

Last week, Advanced Petrochemical reported SAR 218.08 million ($58.14 million) in profits in Q3-18, down 1.7% year-on-year from SAR 221.95 million ($59.17 million), whereas from the first nine months of 2018, the firm logged SAR 614.36 million in profits, up 5% year-on-year rom SAR 585.33 million.