Zamil Industrial invites shareholders to vote on key issues

Zamil Industrial Investment Co. has invited its shareholders to vote on transferring SAR 120 million from statutory reserve to retained earnings, at its ordinary general assembly meeting on May 4 at Zamil Air Conditioners Auditorium in Dammam, the company said in a statement to Tadawul.

Shareholders will also vote on a 10 percent cash dividend to be issued at the rate of SAR 1 per share for the second half of 2016, and will vote on delegating the board of directors to distribute interim dividends for fiscal year 2017.

Moreover, the assembly will vote on renewing deals with Zamil Architectural Holding Co, valued at SAR 1.2  million last year, as well as transactions with Zamil Trade & Services Holding Co. and Zamil Real Estate Holding Co., which were worth around SAR 34.1 million and SAR 19.6 million respectively, in 2016. 

During the meeting, shareholders will also vote on renewing deals with Zamil Chem-Plast Industries, valued at SAR 8.9 million last year.