SASCO authorizes its board to distribute dividends for 2018

25/12/2017 Argaam

 

Saudi Automotive Services Company (SASCO) shareholders on Sunday authorized the board of directors to distribute interim dividends until the end of fiscal year 2018, the company said in a statement to Tadawul.

 

The shareholders also approved the remuneration policy for the board members, executive management and committees. They also approved to update the policies, criteria and procedures of the board and executive management’s memberships, the statement added.

 

According to data compiled by Argaam, SASCO did not distribute any dividends for 2016, while it gave a 5 percent cash dividend (at SAR 0.5 per share) in 2015.

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