Chemanol to withhold dividend for FY15

06/06/2016 Argaam

Methanol Chemical Company’s (Chemanol) general assembly approved a board recommendation to withhold the payment of a cash dividend for FY-2015 to support the company’s financial position and strategic plans.

The assembly also approved the payment of SAR 1.8 million in bonuses to board members for the same fiscal year, the company said in a statement to Tadawul.


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