National Petrochemical Co. announces the distribution of cash dividend for Distribution of dividends to the shareholders for the year 2019

IntroductionThe 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 Date2020-03-05 Corresponding to 1441-07-10
Total Amount of Dividend DistributedSR 240 millions
Number of Shares Eligible for DividendsShares 480 millions
Dividend per shareSR 0.5
Percentage of Dividend to the Share Par Value (%)5 %
Eligibility dateThe 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 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