BCI shareholders approve 2021 dividend freeze

30/06/2022 Argaam

A factory of Basic Chemical Industries

Basic Chemical Industries Co.’s (BCI) shareholders approved the board’s recommendation to withhold dividends for 2021, during the ordinary general meeting (OGM) held on June 29, according to a bourse filing.

 

BCI board of directors recommended, on May 22, to not distribute cash dividends for 2021, Argaam reported.

 

The recommendation aimed to boost the company’s financial position and expansions for the upcoming years, and finance the chlorine project in Jubail.

 

The last dividend distributed by the company was for the first nine months of 2019 at 10%.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read