Alujain’s NATPET to discuss 5% cash dividend on April 8

National Petrochemical Industrial Co. (NATPET) will hold a general assembly meeting on Wednesday to discuss the board recommendation on a SAR 0.5 cash dividend, totaling SAR 53.5 million for fiscal year 2014. 

The contracts concluded with the related parties as mentioned in the board report for 2014 and current-year contracts will also be on the agenda.

NATPET is 57.4 percent-owned by Alujain Corp. It is a closed Saudi joint stock company with a capital of SAR 1,070 million. It operates a 400,000 ton per year propylene and polypropylene complex in Yanbu Industrial City.

The company also produces high-quality polypropylene, which is sold in local and international markets.