Riyadh – Mubasher: The ordinary general meeting (OGM) of National Gas and Industrialization Company (GASCO) approved what was distributed for the first three quarter of 2016.
The OGM also agreed on mandating the board to distribute interim quarterly and bi-annual dividends for 2017, according to a bourse filing on Monday.
Moreover, the meeting nodded to the board's report for 2016.
On 14 February, GASCO extraordinary general meeting (EGM) had approved the distribution of cash dividends of SAR 0.35 per share, representing 3.5% of capital for the fourth quarter of 2016, totalling SAR 26.25 million.
The Saudi-listed company achieved 2.4% higher net profits in the twelve-month period of 2016 to SAR 145.3 million from SAR 141.9 million in 2015.
