Advanced Petrochemical Company will disburse SAR 142.53 million as cash dividends for the third quarter (Q3) of 2022, according to a bourse filing.
The firm will pay out a dividend of SAR 0.55 per share, representing 5.50% of the share nominal value, for 259.15 million eligible shares.
The eligibility and distribution dates for the Q3-22 dividends will be on 8 and 18 December, respectively.
Last July, the company’s board proposed the same dividend amount for Q2-22.
In the first half (H1) of 2022, Advanced Petrochemical registered net profits after Zakat and tax worth SAR 274 million as per its estimated financials, down 37.16% from SAR 436 million in H1-21.