Saudi Ceramics shareholders authorize board to distribute dividend for 2022

Saudi Ceramic Co. building

Shareholders of Saudi Ceramic Co. (Saudi Ceramics) authorized the board of directors to distribute dividend for 2022 on a quarterly or a semi-annual basis, during the ordinary general assembly meeting (OGM) held on March 16.

They also elected board members for the upcoming three-year term starting on April 1, 2022, the company said in a bourse filing.

The elected board of directors includes Yousef Aba Al-Khail, Sami Ibrahim Al Issa (GOSI representative), Asim Saad Al-Juraid (GOSI representative), Mutaib Mohammed Al-Shathri (PIF representative), AbdulAziz Abdulkarim Al-Akhuraiji, Majed Abdullah Al Issa, Majed Mohammed Aldakheel and Muhammed Abdulmohsin Al-Qurainees.

Meanwhile, the OGM approved the formation of the audit committee, and defined its duties, work regulations and remuneration of its members for the new term.

The committee will include Majed Bin Mohammed Aldakheel (board member), Ahmed Sulaiman AlMuzaini (non-board member) and Abdulaziz bin Abdul Malik AlSheikh (non-board member).

The tiles producer’s shareholders also approved the related party transaction that took place with other companies where the chairman and board members have indirect interests.