Saturday, 25 May 2024

‎“Advanced” BOD recommends not to distribute cash dividends ‎for 2023‎

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The Advanced Petrochemical Company announced the recommendation of the Board of Directors not to distribute cash dividends to shareholders for the first quarter of the fiscal year 2023 AD, and attributed this to the desire to focus on expansions and future projects of the company, and the recommendation will be reviewed after the commercial operation of the Advanced Company project begins For polyolefins.

This recommendation will also be presented to the General Assembly for a vote, whose date will be determined later, after obtaining approval for its convening from the competent authority.

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