SACO shareholders to vote on dividend freeze for 2021 on May 18

14/04/2022 Argaam
Logo ofSaudi Company for Hardware (

Logo of Saudi Company for Hardware (SACO) 

Saudi Company for Hardware (SACO) shareholders will vote on withholding dividend for 2021, during the ordinary general meeting (OGM) that will be held on May 18, according to a bourse filing.

 

They will also vote on a number of business and contracts worth SAR 10.7 million for 2022, in which company executives have an indirect interest.

 

In March, SACO board of directors recommended withholding dividend for H2 2021.

 

According to data available on Argaam, SACO board of directors recommended withholding dividend for H1 2021 to support project development.

 

Shareholders will vote on the agenda items as of May 14, through the Tadawulaty services.

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