| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Advanced Petrochemical Company in their meeting held on 18th December 2018 reviewed the financial and operational performance of the Company and has recommended the General Assembly to distribute dividend to the shareholders for the fourth quarter of 2018 as follows: |
| Board Resolution Date | 2018-12-18 Corresponding to 1440-04-11 |
| Total Amount of Dividend Distributed | SAR 137.8 Million |
| Number of eligible shares | 196,794,000 |
| Dividend per share | SAR 0.70 |
| Percentage of Dividend to the share book value | 7 % |
| Eligibility date | The eligibility of dividends shall be for the shareholders registered in the register of the Securities Depository Center at the end of 2nd trading day following the date of general assembly meeting which will be determined after the approval of the regulatory authorities. |
| Dividend distribution date | will be announced later |
| Additional Information | Accordingly, the total cash dividends for fiscal year ending on 31st December 2018 will be SAR 551.0 million which is equivalent to SAR 2.80 per share and represent 28% of the Face value of shares. |
The Company urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure receipt of their dividends.
For non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.