Logo of Natural Gas Distribution Co.
Natural Gas Distribution Co.’s (NGDC) shareholders will vote on the board’s recommendation to pay a cash dividend at 5% of capital, or SAR 0.50 per share, for 2021, during the extraordinary general meeting (EGM),scheduled for June 8, according to a bourse filing.
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Dividend Details |
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Current Capital |
SAR 50 mln |
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Number of Shares |
5 mln |
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Total Dividend |
SAR 2.5 mln |
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Percentage of Capital |
5% (SAR 0.50 a share) |
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Record Date |
June 8, 2022 (Shareholders of record on the second trading day following the record date) |
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Payment Date |
To be announced later |
Shareholders will also vote on authorizing the board of directors to pay interim dividend for 2022 on a semiannual or quarterly basis.
Furthermore, they will discuss amending Article No. 3 of the Articles of Association with regard to the company’s purposes. This aims to add a new purpose of the manufacturing industries as per the industrial licenses.
Shareholders will also vote on amending Article No. 47 with regard to the dividend payment. The new amended article will allow the ordinary general meeting, based on the board’s proposal, to decide on paying the remaining annual dividend, if any, at 1% minimum of the paid-in capital, instead of the previous 5%.
Shareholders will start e-voting on the agenda items on June 3.
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