Saudi Chemical shareholders authorize board to distribute interim dividends for 2022

Saudi Chemical Co.'s shareholders authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2022, during an ordinary general assembly meeting held on May 11, according to a bourse filing.

The board was also authorized to determine the date of maturity and distribution, in accordance with the regulations and regulatory procedures issued in implementation of the Companies Law, in line with the company's financial position, cash flows, expansion and investment plans, the company added.

Moreover, shareholders approved appointing an auditor and setting his fees, who will review the company's financial statements for Q3 and FY 2022 and Q1 and Q2 2023.