Saudi Chemical shareholders to authorize board to distribute interim dividends on May 11

Saudi Chemical Co.'s shareholders will vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for FY 2022, during an ordinary general assembly meeting, to be held on May 11, according to a bourse filing.

The board of directors will also be authorized to determine the date of maturity and distribution in accordance with the regulations and regulatory procedures issued in implementation of the Companies Law, in line with the company's financial position, cash flows, expansion and investment plans, the company added.

Moreover, shareholders will vote on appointing an auditor and setting his fees, who will review the company's financial statements for Q3 and FY 2022 and Q1 and Q2 2023.