Advanced Petrochemical to pay dividends for Q1-22

Reuters Images/Ahmed Yosri

Equivalent to 5.5 % of the capital

Staff Writer, Mubasher

March 29, 2022

PHOTO

Riyadh – Mubasher: The board of Advanced Petrochemical Company has proposed a cash dividend distribution of SAR 0.55 per share for the first quarter (Q1) of 2022.

The company will pay out cash dividends of SAR 143 million, equivalent to 5.5 % of the capital, for 260 million eligible shares, according to a bourse disclosure on Tuesday.

The eligibility and distribution dates are set on 12 and 22 May, respectively.

In 2021, the Saudi listed firm recorded net profits after Zakat and tax worth SAR 815.4 million, an annual jump of 36.91% from SAR 595.59 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.