Logo of Al Yamamah Steel Industries Co.
Al Yamamah Steel Industries Co.'s shareholders mandated the board of directors to distribute interim cash dividend on a semi-annual or quarterly basis for 2022, during the ordinary general meeting that was held on Feb. 14, according to a bourse filing.
Shareholders also approved the board and auditor's reports as well as financial statements for 2021.
In addition, they discharged the board members from liability for 2021 and appointed an auditor to review financial statements for Q2, Q3 and Q4 2022 as well as Q1 2023.
The contracts concluded with related parties were also approved, the statement added.
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