SASCO shareholders authorize board to pay interim dividends for 2023

31/05/2023 Argaam
One of SASCO’s fuel stations

One of SASCO’s fuel stations 

Saudi Automotive Services Co.'s (SASCO) shareholders approved mandating the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2023, during the extraordinary general meeting (EGM) held on May 30.

 

In a statement to Tadawul, the company stated that shareholders also approved amending bylaws, as well as policies and regulations of the board committees.

 

In addition, they endorsed other agenda items, including business with related parties.

 

According to the data available on Argaam, the company distributed a cash dividend of SAR 60 million, or SAR 1 per share, for the first nine months of 2022.

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