Advanced Petrochemical to pay dividends for Q3

Representing 6.5% of the share’s par value

  
A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

REUTERS/Faisal Al Nasser
Riyadh – Mubasher: The board of Advanced Petrochemical Company decided to distribute a cash dividend of SAR 0.65 per share, representing 6.5% of the share’s par value, for the third quarter (Q3) of 2021.

The company will pay a total amount of SAR 140.7 million for 216.47 million eligible shares, according to a bourse disclosure on Wednesday.

The eligibility and distribution dates will be o 11 and 21 November, respectively.

Advanced Petrochemical recorded net profits worth SAR 218 million in Q3-21, up from SAR 156 million in Q3-20.

Source: Mubasher

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