Advanced completes purchase of its own shares allocated under employees incentive shares program at SAR 79.29 million

Advanced Petrochemical Company announced the completion of purchasing its shares allocated to the employees of the Company under the Company’s employees incentive shares program, in accordance to the approval of the Extraordinary General Assembly meeting held on 20/03/2022, whereas the number of the purchased shares amounted to 1.5 million shares, with a value of SAR 79.29 million, and average purchase price per share of SAR 52.87.

The company stated on Thursday on Tadawul that shares purchased under the Company’s employees incentive shares program will not be entitled to any dividends during the period the Company holds them.