ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR THE SECOND QUARTER OF 2020
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Advanced Petrochemical Company in its meeting held on 02/11/1441H corresponding to 23rd June 2020 reviewed the financial and operational performance of the Company and resolved to distribute dividends to the shareholders for the second quarter of 2020 as follows: |
| Board Resolution Date | 2020-06-23 Corresponding to 1441-11-02 |
| Total Amount of Dividend Distributed | SR 140.7 Million |
| Number of Shares Eligible for Dividends | 216,473,400 |
| Dividend per share | SR 0.65 |
| Percentage of Dividend to the Share Par Value (%) | 6.5 % |
| Eligibility date | The eligibility of dividends shall be for the shareholders at the closing of trading on 30th June 2020 corresponding to 09/11/1441H and as per the registered shareholders in the register of the Securities Depository Center at the end of the 2nd trading day following the eligibility date. |
| Distribution Date | 02/12/1441H corresponding to 23rd July 2020 |
| Additional Information | The Company urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure receipt of their dividends.
For non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations. |
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