BCI shareholders approve dividend freeze for 2020

29/04/2021 Argaam

Basic Chemical Industries Co.’s (BCI) shareholders approved the board recommendation on withholding dividend for 2020, during the ordinary general meeting (OGM) held on April 28, 2021, the company said in a bourse filing.

 

They also endorsed disbursing SAR 2.1 million in board remuneration for 2020 and discharged board members from liability for the previous year.

 

Additionally, shareholders appointed an auditor to review financial statements for Q2, Q3, and Q4 2021 and Q1 2022.

 

Shareholders approved board and auditor’s reports as well as financial statements for 2020, the statement added.

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