Shareholders of National Petrochemical Co. (Petrochem) approved on April 16 the board's recommendation on paying 5% cash dividend for the fiscal year 2019, at SAR 0.50 per share, amounting to SAR 240 million, the company said in a bourse statement on Sunday.
|
Dividend Details (FY 2019) |
|
|
Current Capital |
SAR 4.8 bln |
|
Number of shares |
480 mln |
|
Dividend |
SAR 240 mln |
|
Percentage of capital |
5% (SAR 0.50 per share) |
|
Record date |
April 16 (Shareholders of record on the second trading day following the record date) |
|
Payment date |
April 28 |
Shareholders also approved authorizing the board of directors to distribute interim dividends on a quarterly or biannual basis for the year 2020.
Board members were discharged from liabilities for the fiscal year 2019.
Moreover, contracts and transactions with Petrochem’s unit Saudi Polymers Co. and Samba Financial Group were also endorsed.
| P/E (TTM) | 15.96 |
| P/E Before Unusual Items (TTM) | 15.96 |
| P/BV | 2.39 |
| Dividend Yield | - |
| Market Cap. (M) | 21,816.00 |
| Return on Average Assets | 15.26 % |
| Return on Average Equity | 15.85 % |
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