The extraordinary general assembly of shareholders of the Saudi Basic Industries Corporation (SABIC), which held its meeting on Thursday, June 22, 2023, approved all the topics on the agenda.
And the company stated, in a statement on the Tadawul website, today, Sunday, that it was approved to transfer the balance of the statutory reserve amounting to 15 billion riyals, as at the end of the fiscal year 2022, to the retained earnings account.
During the meeting, the assembly approved the cash dividends distributed to shareholders for the second half of the year 2022 AD, at a value of 6 billion riyals, and the total cash dividends distributed to shareholders for the fiscal year 2022, with a value of 12.75 billion riyals, at 4.25 riyals per share.
The assembly's agenda included approving the amendment and deletion of a number of articles in the company's articles of association, in addition to approving the rest of the items on the agenda.
