Advanced shareholders to vote on 6.5% dividend for Q4 2020 on March 30

07/03/2021 Argaam Exclusive

Advanced Petrochemical Co.'s shareholders are set to vote on the board's recommendation on distributing a 6.5% cash dividend, or SAR 0.65 per share, for Q4 2020, during the extraordinary general meeting (EGM) to be held on March 30, 2021.

 

They will also vote on authorizing the board of directors to distribute interim cash dividends on semi-annual or quarterly basis for 2021.

 

Dividend Details (Q4 2020)

Current Capital

SAR 2.164 bln

Number of shares

216.47 mln

Dividend

SAR 140.7 mln

Percentage of capital

6.5% (SAR 0.65 per share)

Record date

March 30, 2021

Payment date

To be announced later

 

Dividend Details (2020)

Dividend

SAR 562.8 mln

Percentage of capital

26% (SAR 2.60 per share)

 

Shareholders will also vote on the board of directors’ recommendation on discontinuing setting aside 10% of net profit to statutory reserve, as it has reached 30% of the company’s capital.


Moreover, the EGM will vote on the board’s recommendation to set aside 10% of net profits to consensual reserve if the above recommendation is approved.

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36.00
(0.35) (0.96 %)

Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) More than 100
P/BV 2.91
Dividend Yield 0.00 %
Market Cap. (M) 9,360.00
Return on Average Assets 0.43 %
Return on Average Equity 1.61 %

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