Shareholders of National Gas and Industrialization Co. (GASCO) on May 15 will discuss the board's recommendation on paying a 4.25 percent cash dividend, to be issued at SAR 0.425 per share for Q1 2019.

 

The first-quarter dividend will total SAR 31.9 million and will be distributed to eligible shareholders on May 17.

 

Shareholders will also vote on paying a special dividend at 2.25 percent of par value, totaling SAR 16.88 million.

 

Shareholders are also set to review the board and auditor’s reports, as well as financial statements for fiscal year 2018. They will also discuss a board remuneration of SAR 3.2 million for the previous year.

 

GASCO will also hire an external auditor for the current fiscal year and Q1 2020, the statement added.

 

Dividend Details – Q1 2019

Current Capital

SAR 750 mln

Number of shares

75 mln shares

Total dividend

SAR 31.88 mln

Percentage of Capital

4.25% (SAR 0.425 per share)

Record date

May 15, 2019

Payment date

To be announced later

Special Dividend Details

Total cash dividend

SAR 16.88 mln

Percent of capital

2.25% (SAR 0.225 per share)

Record date

May 15, 2019

Payment date

To be announced later

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