ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR THE FIRST QUARTER OF 2018

The Board of Directors of Advanced Petrochemical Company in their meeting held on 18th March 2018 reviewed the financial and operational performance of the Company and has recommended to distribute dividend to the shareholders for the first quarter of 2018 as follows:

1. Total amount of distribution of dividend SAR 137.8 Million.

2. Dividend per share SAR 0.70.

3. Dividend represent 7.0% of the Face value.

4. Number of Shares for Dividend 196,794,000. 

5. The eligibility of dividends shall be for the shareholders at the closing of trading on 29th March 2018 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.

6. 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 receipt of their dividends.