Advanced Petrochemical Company announced the approval of the company's board of directors, at its meeting held on Tuesday, to distribute cash dividends to shareholders for the third quarter of this year.
The company said in a statement to the Saudi Market (Tadawul), today, Wednesday, that the Board approved cash dividends for the aforementioned period of 6.5% of the nominal value of the share, by 0.65 Riyals per share, with a total value of 140.7 million riyals.
and the company clarified that the eligibility for distribution is to the shareholders who own the shares upon the market closing on October 20, 2020 and who are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the due date.
The company stated in the statement that the date of dividend distribution is on November 9, 2020, stressing that the shareholders need to update their data and ensure that their bank account numbers are linked with their investment portfolios to ensure that their outstanding profits are deposited Directly into their account.
and for non-resident investors in the Kingdom, the profits paid to them by the company will be subject to tax withheld at the rate of 5% upon transferring those profits or depositing them in their bank accounts, in accordance with the provisions of Article 68 ) Of the Income Tax Law and Article (63) of its implementing regulations.
