Shareholders of National Gas and Industrialization Co. (GASCO) on May 15 will discuss the board's recommendation on paying a 4.25 percent cash dividend, to be issued at SAR 0.425 per share for Q1 2019.
The first-quarter dividend will total SAR 31.9 million and will be distributed to eligible shareholders on May 17.
Shareholders will also vote on paying a special dividend at 2.25 percent of par value, totaling SAR 16.88 million.
Shareholders are also set to review the board and auditor’s reports, as well as financial statements for fiscal year 2018. They will also discuss a board remuneration of SAR 3.2 million for the previous year.
GASCO will also hire an external auditor for the current fiscal year and Q1 2020, the statement added.
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Dividend Details – Q1 2019 |
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Current Capital |
SAR 750 mln |
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Number of shares |
75 mln shares |
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Total dividend |
SAR 31.88 mln |
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Percentage of Capital |
4.25% (SAR 0.425 per share) |
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Record date |
May 15, 2019 |
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Payment date |
To be announced later |
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Special Dividend Details |
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Total cash dividend |
SAR 16.88 mln |
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Percent of capital |
2.25% (SAR 0.225 per share) |
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Record date |
May 15, 2019 |
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Payment date |
To be announced later |
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