MEPCO shareholders approve FY18 dividend, elect board members
Middle East Paper Co.’s (MEPCO) shareholders have approved a distributed 10 percent cash dividend (SAR 1 per share) during the general assembly meeting held on June 16, 2019, the company said in a bourse statement.
Shareholders have also elected board members for the upcoming three-year term starting on Nov. 14, 2019.
The new board includes Emad Abdul Kadir Al Muhaidib, Abdullah Abdulrahman Almoammar, Abdulelah Abdullah Abunayyan, Ahmed bin Mubarak Al-Dabbasi, Khaled Saleh Fahad Al Khattaf, Walid bin Ibrahim Mohammad Shukri, Musab Bin Suleiman Bin Abdul Kadir Al Muhaideb and Omar Bin Mohamed Siraj Najjar.
Meanwhile, they have delegated the company’s board to distribute cash dividend for the fiscal year 2019.