GASCO shareholders authorize board to pay interim dividends for 2024

27/05/2024 Argaam
Logo ofNational Gas and industrialization Co. (GASCO)

Logo of National Gas and industrialization Co. (GASCO)

National Gas and industrialization Co.’s (GASCO) shareholders approved authorizing the board of directors to distribute interim dividends on semi-annual or quarterly basis for 2024, during the extraordinary general meeting (EGM) held on May 26.

 

According to a statement to Tadawul, shareholders also approved paying SAR 3.64 million to the board as remuneration for the fiscal year ended on Dec. 31, 2023.

 

Moreover, shareholders approved amending the company’s bylaws to comply with the new Companies Law, rearranging and renumbering the articles of the bylaws to comply with the amendments.

 

In addition, shareholders agreed to amend the company’s policies, standards and procedures for membership in the board, the statement added.

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