Saudi Vitrified Clay Pipes Co.’s (SVCP) shareholders approved delegating the company’s board of directors to distribute interim dividend for the fiscal year 2020 on a semi-annual or a quarterly basis, during the general assembly meeting held on April 5.
Shareholders also approved cash dividend distributed for FY 2019 at SAR 1 per share representing 10% of capital, SVCP said in a bourse statement.
Meanwhile, they approved all other items on the meeting’s agenda.
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