Alujain receives ministry invitation to attend NATPET’s general meeting on May 31

21/05/2020 Argaam

 

Alujain Holding Corp received an invitation from the Ministry of Commerce to attend the general meeting of National Petrochemical Industrial Co. (NATPET), which will be held on Sunday, May 31, the company said in a bourse statement on Thursday.

 

Shareholders will discuss directing the board of directors to provide shareholders with the annual financial statements for the fiscal year 2019 and Q1 2020 within the regulatory period, to enable Alujain disclose its financial statements.

 

They will also vote on a cash dividend of SAR 1 per share, at 10% of paid-in capital, totaling SAR 107 million for FY19.

 

Moreover, a new board of directors for NATPET will be elected for the next three-year term starting from June 1, 2020. The list includes 25 candidates, including all nominees of Alujain Holding, who were earlier excluded by NATPET.

 

Alujain will announce any relevant updates in due course, the statement added.

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