Saudi Paper OGM to vote on delegating board to distribute interim dividends for 2024 on Aug. 4

Saudi Paper Manufacturing Co.’s (SPM) shareholders are set to vote on delegating the board of directors to distribute interim cash dividends for 2024 on a semi-annual or quarterly basis.

The decision will come during the ordinary general meeting (OGM) that will be held on Aug. 4, the company said in a statement to Tadawul.

Meanwhile, they will vote on amending the work regulations of the nominations and remuneration committee, amending the remuneration policy for board members and the committees emanating from the board as well as the executive management.

In addition, shareholder will discuss amending the policies, standards and procedures for board membership, the standards and controls of competing businesses and the dividend distribution policy.