Saudi Parts Center shareholders to vote on interim dividends for 2022 on June 29

Saudi Parts Center Co.'s shareholders will vote to authorize the board of directors to pay interim cash dividends on a semi-annual, quarterly or annual basis for 2022, according to a bourse filing.

Shareholders will vote on delegating the board of directors with the OGM powers for one year from the shareholders’ approval date or until the end of the board term, whichever is earlier.

They will also vote to appoint an auditor and set his fees during an ordinary general assembly meeting (OGM) scheduled for June 29, according to a bourse filing.

The auditor will review semi-annual and annual financial statements for 2022.

Other agenda items include approving the board and auditor's reports and financial statements for 2021.

They will also vote on business and contracts that took place between the company and Alkhorayef Group Co., Alkhorayef Commercial Co., Alkhorayef Industries Co. and Alkhorayef Water & Power Technologies Co.

The meeting will be held virtually. Shareholders registered in Tadawulaty system can start e-voting on the agenda from June 25.