Saudi Parts Center shareholders authorize board to pay 2022 interim dividend

Logo of Saudi Parts Center Co. (SPC)

Saudi Parts Center Co.’s (SPC) shareholders authorized the board of directors to pay an interim cash dividend on a semi-annual or quarterly basis for 2022, during the extraordinary general meeting (EGM) held on June 29, according to a bourse filing.

Shareholders approved the board and auditor’s reports as well as financial statements for 2021. They also appointed KPMG as new auditor to review the semi-annual and annual financial statements for 2022, and ratified the disbursement of SAR 79,833 in remuneration to a board member.

Shareholders further endorsed amending some Articles of Association as well as the audit committee regulations, and greenlit the business contracts inked with other entities.