GASCO shareholders to vote on authorizing board to pay dividends on May 26

Logo of National Gas and industrialization Co. (GASCO)

National Gas and industrialization Co.’s (GASCO) shareholders are set to authorize the board of directors to distribute interim dividends on semi-annual or quarterly basis for 2023, during the extraordinary general assembly meeting (EGM) held on May 26.

They will also delegate the board with the authority of the general assembly for a one-year period effective from the OGM approval date or until the end of authorized board term, whichever is earlier, in accordance with the Companies Law, according to a statement to Tadawul.