BCI board recommends dividend freeze for 2020

23/03/2021 Argaam

BCI plant


Basic Chemical Industries Co.’s (BCI) board of directors recommended withholding dividend for 2020, during a meeting held on March 22, 2021.

 

The company said in a bourse statement that the recommendation aims to support the continuing completion of BCI’s construction and financing of Jubail project.

 

The recommendation will be presented at the next general assembly meeting for the approval, the date of which will be announced later after receiving a go-ahead from the Capital Market Authority (CMA).

 

 

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