May 14.. “GAS” GA to vote on distributing cash dividends of 0.30 riyals per share for 2023

The Board of Directors of Jaz Arabian Services Company invited shareholders to participate and vote in the company’s extraordinary general assembly meeting (first meeting) scheduled to be held through the use of the Tadawulati system only, on May 14, 2024.

According to the company’s statement on Tadawul, the assembly’s agenda includes voting on the Board of Directors’ recommendation to distribute cash dividends in the amount of 47.2 million riyals (0.30 riyals for each entitled share) to shareholders for the financial year ending on December 31, 2023, provided that the eligibility for the shares is for shareholders who own the shares at the end of the trading day of the meeting. The General Assembly and those registered in the company’s shareholder register at “Edaa” at the end of the second trading day from the due date, with the dividend distribution starting on May 28, 2024.

The terms include voting on authorizing the Board of Directors to distribute local dividends on a semi- or quarterly basis for the fiscal year 2024

The Assembly also votes to change the purpose of retaining 318.8 thousand shares of the company’s stock and allocating them to the employee stock program, in addition to voting on the contracts and business that took place between the company and other companies.