GASCO shareholders delegate board to pay interim dividends for 2022

Logo of National Gas and Industrialization Co. (GASCO)

National Gas and Industrialization Co.’s (GASCO) shareholders approved authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general meeting (OGM) held on June 27, according to a bourse filing.

They also tasked the board with determining the disbursement and due date in accordance with the regulatory rules and procedures issued under the Companies Law in line with the firm’s financial position, cash flows, and expansion and investment plans.

Meanwhile, the shareholders approved all other items on the meeting’s Agenda.

GASCO distributed a 15% cash dividend, at SAR 1.50 per share, for 2021, according to data available with Argaam.