SABIC postpones OGM to April 13

Logo of Saudi Basic Industries Corp.'s (SABIC)

Saudi Basic Industries Corp. (SABIC) delayed the date of its ordinary general meeting (OGM) to April 13 from April 10. 

Shareholders will vote on several agenda items, including delegating the board to distribute interim dividends semi-annually or quarterly for 2023, the company said in a statement to Tadawul. 

SABIC included a new item in the meeting agenda, as shareholders will also vote on the board’s resolution to appoint Abdulrahman Al-Fageeh as an executive board member, filling a vacancy as of March 21, 2023, until the end of the current board term on April 9, 2025.

The e-voting on the meeting agenda will start on April 9, lasting until the end of the OGM.