News

National Petrochemical Co. announces the distribution of cash dividend for For year 2018

ELEMENT LISTEXPLANATION
IntroductionThe Board of Directors of the National Petrochemical Company (Petrochem), on 26-02-2019, has announced its recommendation to the Company General Assembly the distribution of dividends to the shareholders for the 2018 financial year.
Board Resolution Date2019-02-26 Corresponding to 1440-06-21
Total Amount of Dividend Distributed240 Million Riyal
Number of eligible shares480 Million Share
Dividend per share0.5 Riyal
Percentage of Dividend to the share book value5 %
Eligibility dateThe entitlement of the dividends for the year 2018 shall be at the end of the trading day of the General Assembly meeting day for the shareholders registered Depository Center at the end of the second trading day following the General Assembly Meeting date which will be announced later.
Dividend distribution dateDetails of the dividend distribution dates will be announced later
Additional InformationThe Company also would like to remind the shareholders to update their bank account information in order to ensure depositing the dividend to their accounts directly