Sahara shareholders to vote on 10% dividend Apr. 19

Sahara Petrochemical Co.'s shareholders will vote on the board of directors’ recommendation to distribute a 10 percent cash dividend (SAR 1 per share) for the fiscal year 2017 in the upcoming general assembly meeting on Apr. 19.

The proposed dividend will total SAR 438.8 million, the company said in a bourse statement on Wednesday.

The company’s consolidated financial statements, as well as board and auditors' reports for the fiscal year 2017 will be also discussed.

Additionally, shareholders will vote on approving the board remuneration amounting to SAR 3.8 million, appoint external auditors, and discharge board members from liabilities for the previous fiscal year, the statement added.