Riyadh – Mubasher: The ordinary general meeting (OGM) of National Petrochemical Company (Petrochem) has approved the board of directors’ recommendation to distribute SAR 240 million as cash dividends for 2019.

Dividends will be distributed to shareholders at SAR 0.50 per share, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday.

The distribution is set to begin on 28 April, while the eligibility will be to shareholders who own shares on the date of the general assembly meeting and are registered in the company’s shareholders register with the Securities Depository Center (Edaa) at the end of the second trading day following the due date.