Riyadh – Mubasher: National Gas and Industrialization Company’s (GASCO) board invited shareholders to attend the ordinary general meeting (OGM) on 30 April.
The EGM will vote on the board’s resolution to distribute interim dividends for the first three quarters of 2016.
Earlier, the board recommended the distribution of cash dividends for the period at SAR 0.90, totalling SAR 67.5 million and representing 9% of capital, according to a bourse filing on Sunday.
Total distributions will reach SAR 93.75 million, at SAR 1.2 per share, representing 12.5% of capital.
The meeting will also discuss the balance sheet and the profit and loss account for the year which ended on 31 December 2016.
Moreover, the OGM will discuss mandating the board to distribute half annual and quarterly dividends for 2017, the statement said.
GASCO posted net profits of SAR 145.3 million in 2016 compared to SAR 141.9 million, with a 2.4% rise.
