ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR THE SECOND QUARTER OF 2021
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Advanced Petrochemical Company in its meeting held on June 29, 2021 reviewed the financial and operational performance of the Company and resolved to distribute dividends to the shareholders for the second quarter of 2021 as follows: |
| Date of the board’s decision | 2021-06-29 Corresponding to 1442-11-19 |
| The Total amount 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 August 19, 2021 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 | The distribution date will be on August 30, 2021 |
| 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. |
Comments