Introduction | The Board of Directors of the National Petrochemical Company (Petrochem), on 5-03-2020, has announced its recommendation to the Company General Assembly the distribution of dividends to the shareholders for the 2019 financial year. |
Board Resolution Date | 2020-03-05 Corresponding to 1441-07-10 |
Total Amount of Dividend Distributed | SR 240 millions |
Number of Shares Eligible for Dividends | Shares 480 millions |
Dividend per share | SR 0.5 |
Percentage of Dividend to the Share Par Value (%) | 5 % |
Eligibility date | The entitlement of the dividends for the year 2019 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. |
Distribution Date | Details of the dividend distribution dates will be announced later |
Additional Information | The 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 |