Advanced Petrochemical Co.’s extraordinary general assembly has approved a 7 percent cash dividend (SAR 0.7 per share) for the fourth quarter of 2016, bringing the total dividend for the fiscal year 2016 to SAR 2.85 per share.
During the meeting, shareholders also approved a remuneration of SAR 200,000 for each board member for the fiscal year 2016.
Moreover, shareholders approved the board of directors’ recommendation to appoint Ernst & Young as statutory auditors for fiscal year 2017.
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Cash Dividend Details (Q4 2016) |
|
|
Current capital |
SAR 1.97 bln |
|
Number of shares |
196.79 mln |
|
Cash dividend |
SAR 137.8 mln |
|
Percent capital |
7% (SAR 0.7/share) |
|
Record date |
March 7, 2017 |
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Payment day |
March 23, 2017 |
|
Dividend for FY 2016 |
|
|
Total cash dividend |
SAR 511.7 mln |
|
Percent of capital |
28.5% (SAR 2.85/share) |
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