Riyadh-Mubasher: Saudi Electricity Co. (SEC), the state-owned utility, said its ordinary general meeting (OGM) will be held on 25 April, to discuss agenda items; mainly cash dividends for 2015.
Shareholders will also review the board and auditor’s reports as well as financial statements for the same fiscal year.
The board earlier recommended cash dividends for 2015 at 7% of the stock’s par value, or SAR 0.70 a share, totalling SAR 547 million.
FY15 earnings dropped 58% to SAR 1.5 billion, compared with SAR 3.6 billion a year earlier.
The stock kept flat at SAR 15.25 on Monday.
