SPIMACO to discuss H2 2018 dividend in April

13/03/2019 Argaam

Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO) shareholders on April 2 will discuss the board’s recommendation on paying cash dividend at 10 percent of capital, or SAR 1 a share, totaling SAR 120 million for H2 2018, the company said in a bourse filing.

 

Shareholders will also discuss the payment of SAR 1.9 million in board bonuses for FY18. 

 

The board of directors’ report, audit report and all financial statements for 2018 will also be reviewed during the meeting.

 

Shareholders will also discharge board members from liability associated with their activities in 2018, and select an external auditor for 2019.

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