SACO shareholders to vote on authorizing board to pay interim dividend for 2021 on April 29

SACO branch

Saudi Company for Hardware’s (SACO) shareholders to vote on authorizing the board to pay interim dividend for 2021 on a quarterly or semi-annual basis, during the ordinary general meeting (OGM) to be held on April 29, 2021.

The company said in a bourse statement that shareholders will also vote on a number of business contracts that will be concluded between the company and the heirs of Abdullah Taha Bakhsh, owners of Abrar International Holdings Co. (a major shareholder), worth SAR 6.24 million.

There are related parties in the contract, including non-executive board members Talal Bakhsh and Hany Alshuwaier.

There are no preferential terms in the agreement.