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24-03-20
Petrochem to vote on board's recommendation to distribute 5 percent cash dividend
(MENAFN) As said in a statement by National Petrochemical Co.'s (Petrochem), on April 16, shareholders will vote on the board's recommendation to divide a 5 percent cash dividend, or SAR 0.5 for each share, for the financial year 2019.
The general assembly will also vote on the fiscal outcomes, and the board and auditor's reports for financial year 2019.
Shareholders will vote on hiring an auditor from between candidates, dismiss board members from liabilities in financial year 2019, as well as a board remuneration of SAR 1.6 million for the earlier financial year.
They will also vote on delegating the board of directors to divide temporary dividend on a quarterly or biannual basis for this year.
MENAFN2403202000450000ID1099903071
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