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ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE RECOMMENDATION OF THE BOARD OF DIRECTORS FOR NO DISTRIBUTION OF CASH DIVIDENDS TO SHAREHOLDERS FOR THE FIRST QUARTER OF THE FINANICAL YEAR 2023
2330
ADVANCED
1.35 %
1444/09/11 02/04/2023 08:32:13
| Element List | Explanation |
|---|---|
| Date of the board’s decision | 2023-03-30 Corresponding to 1444-09-08 |
| Reasons for Not Recommending Distribution | The reason for the recommendation is due to the willing to focus on the Company's future expansions and projects, and the recommendation will be reconsidered after the start of the commercial operation of the Advanced Polyolefins Company project. |
| Approvals | This recommendation will be presented to the General Assembly for a vote, which will be determined later after obtaining the necessary approval from the competent authority. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Key Parameters
Last Price 45.1
Net Change 0.6 (+1.35%)
Value Traded (Sar) 16,241,640.65
Volume Traded 361,901
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