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Natural Gas Distribution shareholders approve 5% cash dividend for 2021
Logo of Natural Gas Distribution Co.
Natural Gas Distribution Co.’s (NGDC) shareholders approved the board’s recommendation to pay a cash dividend at 5% of capital, or SAR 0.50 per share, for 2021, during the extraordinary general meeting (EGM), held on June 8, according to a bourse filing.
|
Dividend Details |
|
|
Current Capital |
SAR 50 mln |
|
Number of Shares |
5 mln |
|
Total Dividend |
SAR 2.5 mln |
|
Percentage of Capital |
5% (SAR 0.50 a share) |
|
Record Date |
June 8, 2022 (Shareholders of record on the second trading day following the record date) |
|
Payment Date |
June 22, 2022 |
Shareholders also authorized the board of directors to pay interim dividend for 2022 on a semi-annual or quarterly basis.
Furthermore, they ratified amending some Articles of Association including, those related to the company’s name, objectives, shares subscription, shareholder register and dividend distribution.
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