SVCP delegates board to distribute interim dividend for FY2020

Saudi Vitrified Clay Pipes Co.’s (SVCP) shareholders approved delegating the company’s board of directors to distribute interim dividend for the fiscal year 2020 on a semi-annual or a quarterly basis, during the general assembly meeting held on April 5.

Shareholders also approved cash dividend distributed for FY 2019 at SAR 1 per share representing 10% of capital, SVCP said in a bourse statement.

Meanwhile, they approved all other items on the meeting’s agenda.