SAIC shareholders authorize board to pay 2022 interim dividends

02/08/2022 Argaam

Saudi Advanced Industries Co.’s (SAIC) shareholders authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general meeting (OGM) held on Aug. 1, according to a bourse filing.

 

They also approved the formation of the new audit committee for the upcoming three-year term, starting Aug. 1, 2022.

 

The audit committee members are Abdullah Al-Humaidi, Ammar Qadi and Faisal Al-Subaie.

 

Meanwhile, shareholders ratified the board’s decision to appoint Youssef Al-Qafari as an independent board member from June 12, 2022, until the current term ends on May 30, 2025, the statement added

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