SVCP shareholders authorize board to pay interim dividends for 2022

14/04/2022 Argaam
Logo ofSaudi Vitrified Clay Pipes Co.’s (

Logo of Saudi Vitrified Clay Pipes Co.’s (SVCP) 

Saudi Vitrified Clay Pipes Co.’s (SVCP) shareholders authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general meeting (OGM), held on April 13, according to a bourse filing. 

 

Shareholders also approved board as well as auditor’s reports and financial statements for 2021.

 

They further discharged board members from liability for the same year and appointed an external auditor to review Q1, Q2, Q3 and 2022, and Q1 2023 financials.

 

During the meeting, they appointed Suliman Ali Aldakheel as an independent board member for the current board term ending Oct. 17, 2023.

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