The Board of Directors of Advanced Petrochemical Company in their meeting held on November 25th 2014 reviewed the financial and operational performance of the Company and has recommended to distribute dividends to the shareholders for the fourth quarter of 2014 as follows:
1.Total amount of distribution of dividend SAR 123 Millions.
2.Divided per share SAR 0.75.
3.Divided represent 7.5% of the Face value.
4.The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on the end of the day of the general assembly meeting which will be determined after the approval of the regulatory authorities.
5.Details of dividend distribution date : will be announced later.
Therefore, the total cash dividends for fiscal year ending 31 December 2014 will be SR 492 million which is equivalent to SR 3 per share and represent 30% of the Face value of shares.
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