Sipchem shareholders authorize board to pay interim dividends for 2025

Sahara International Petrochemical Co. (Sipchem) headquarters

Sahara International Petrochemical Co.’s (Sipchem) shareholders approved authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2025, during the ordinary general meeting (OGM) held on May 21.

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Shareholders discharged the board from liability for 2024, and approved all other items on the meeting’s agenda, according to a statement to Tadawul.

Sipchem had distributed cash dividends for 2024 at 10%, or SAR 1 per share, Argaam earlier reported.