Advanced BOD Approves Distribution of 140.7 Million Profits for 2021 4Q

The Board of Directors of Advanced Petrochemical Company in its meeting held on December 21, 2021 reviewed the financial and operational performance of the Company and resolved to distribute dividends to the shareholders for the fourth quarter of 2021.

The total amount distributed is SR 140.7 Million. The dividend per share is SR 0.65. The percentage of dividend to the share par value (%) is 6.5 %.

The company indicated on Tadawul on Wednesday and the distribution date will be on February 20, 2022.

The eligibility of dividends shall be for the shareholders at the closing of trading on February 10, 2022 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.

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 company concluded.