Obeikan Glass shareholders to authorize board to pay 2022 interim dividends on May 30

Logo of Obeikan Glass Co.

Obeikan Glass Co.’s shareholders will vote on authorizing the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2022, during the extraordinary general meeting (EGM), slated for May 30, 2022, according to a bourse filing.

Shareholders will also vote on the board as well as auditor’s reports and financial statements for 2021.

They will also discharge the board members from liability for 2021 and appoint an auditor to review financial statements for Q2, Q3, Q4 2022, and Q1 2023.

Further, shareholders will vote on cash dividends for 2021 at SAR 1 a share, or 10% of capital, totaling SAR 24 million, and the business contracts signed between the company and other business parties.

During the meeting, shareholders will discuss amending articles related to the company name and board meetings.

The e-voting on the meeting agenda items will begin on Thursday, May 25.