GASCO’s board authorized to distribute interim dividends in 2020

28/01/2020 Argaam

 

The general assembly of National Gas and Industrialization Co. (GASCO) approved authorizing the board of directors to distribute interim dividends to shareholders on a quarterly or biannual basis for 2020, according to a bourse statement on Tuesday.  

 

The board was also authorized to determine the maturity and distribution date, based on the regulatory procedures under the Companies Law and on GASCO’s financial situation, cash flows, as well as investment and expansion plans. 

 

GASCO’s assembly also approved the formation, tasks and remuneration of the new audit committee for the upcoming 3-year term. 

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