Sahara International Petrochemical Co.’s (Sipchem) shareholders are set to vote on purchasing 10%, or 73.33 million, of its shares, to be retained as treasury shares, during the extraordinary general meeting that will be held on April 29, 2020, the company said in a statement to Tadawul.
Shareholders will also vote on delegating the company’s board of directors to distribute dividend for FY 2020 on an annual or a semi-annual basis.
Meanwhile they will vote on other items on the meeting’s agenda including dividend paid for H1 2019 at 6% or SAR 0.6 per share.
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