ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR THE SECOND QUARTER OF 2016
The Board of Directors of Advanced Petrochemical Company in their meeting held on May 17th 2016 reviewed the financial and operational performance of the Company and has recommended to distribute dividend to the shareholders for the second quarter of 2016 as follows:
1. Total amount of distribution of dividend SAR 123 Million.
2. Divided per share SAR 0.75.
3. Divided represent 7.5% of the Face value.
4. The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on the closing of trading on June 30, 2016.
5. Details of dividend distribution date: will be announced later.
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 the receipt of their dividends.