Saudi Chemical board recommends withholding cash dividend for FY2019

07/04/2020 Argaam

 

Saudi Chemical Holding Co.’s board of directors recommended withholding cash dividend for the fiscal year 2019, the company said in a bourse statement.

 

The decision aims to support under construction projects, as well as financing existing and future projects.

 

The recommendation is pending the approval of the upcoming general meeting.

 

According to data compiled by Argaam, Saudi Chemical’s net profits fell 71% to SAR 32.9 million in FY2019 when compared to SAR 114.8 million in FY2018.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.