National Petrochemical Co.’s (Petrochem) extraordinary general assembly has approved a 5 percent cash dividend (SAR 0.5 per share) for fiscal year 2016.
Petrochem last issued cash dividend to its shareholders in 2009.
The company’s contracts with Saudi Industrial Investment Group (SIIG) were extended for an additional year.
During the meeting, shareholders also approved a remuneration of SAR 200,000 for each board member for the same year.
|
Cash Dividend Details (FY16) |
|
|
Current capital |
SAR 4.8 bln |
|
Number of shares |
480 mln |
|
Cash dividend |
SAR 240 mln |
|
Percent capital |
5% (SAR 0.50/share) |
|
Record date |
April 17, 2017 |
|
Payment day |
April 27, 2017 |
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