Sahara approves 7.5% cash dividend for FY16

Sahara Petrochemical Co.’s extraordinary general assembly agreed on Tuesday to pay shareholders a 7.5 percent cash dividend at SAR 0.75 per share for fiscal year 2016, the company said in a statement to Tadawul.

Shareholders of record on the day of the general assembly meeting date are eligible to receive this dividend.

In addition, the extraordinary general assembly approved a remuneration of SAR 200,000 for each board member for fiscal year 2016.

Shareholders also approved the board of directors’ recommendation to appoint BDO Dr. Mohamed Al-Amri as auditors for fiscal year 2017.