| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Advanced Petrochemical Company in its meeting held on February 20, 2023 reviewed the financial and operational performance of the Company and resolved to distribute dividends to the shareholders for the fourth quarter of 2022 as follows: |
| Date of the board’s decision | 2023-02-20 Corresponding to 1444-07-29 |
| The Total amount distributed | SR 142,532,860.25 |
| Number of Shares Eligible for Dividends | 259,150,655 |
| Dividend per share | SR 0.55 |
| Percentage of Dividend to the Share Par Value (%) | 5.5 % |
| Eligibility date | The eligibility of dividends shall be for the shareholders at the closing of trading on May 18, 2023 and as per the registered shareholders in the register of the Securities Depository Center at the end of the 2nd trading day following the eligibility date. |
| Distribution Date | The distribution date will be on May 28, 2023 |
| Additional Information | 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% 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 Company would like to highlight that the decision for future dividends distributions will consider the future expansions and projects to complete the strategic growth plan of the Company and its subsidiaries.
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.