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SGS approves distribution of cash dividends for H1 2018
Published in The Saudi Gazette on 27 - 04 - 2019

SAUDI Ground Services Company (SGS) held last April 24 its first Ordinary General Assembly Meeting at the company's headquarters in Jeddah in the presence of its committee's chairmen and Board of Directors members; Abdulla bin Ibrahim Al-Howaish (Chairman), Attian Al-Hazmi (Managing Director), Dr. Omar bin Abdullah Jafri (Chairman of the Risk Committee, Member of the Audit Committee), Mansour Al Bosuli (Chairman of Nominations & Remuneration Committee) and Mohammed Al Shaya (Chairman of the Audit Committee), and attended by 62.529% of the shareholders.
The 41 items on the OGAM agenda were voted on, including the approval of the Board of Directors' decision to distribute cash dividends during the first half of 2018 amounted to SR244,400,000 by (SR1.30) representing 13% of the nominal value per share, as well as approving the recommendation of the Board of Directors to distribute cash dividends to the shareholders for the second half of the financial year 2018 amounting to SR150,400,000 )SR 0.80( per share. The payment of profits shall commence on May 8, 2019. Furthermore, they agreed on the approval of the election of the company's members of the Board of Directors for the next session, which will start from 06/05/2019 for three years ending on 05/05/2022. They are: Mansour Al-Bosuli, Dr. Omar Jafri, Eng. Khalid Al Buainain, Mohammed Al-Yimni, Ono Cornelis Petros Boots, Con Corviatis, Per Uttingard, Omar Hariri and Saleh Hefni, as well as the approval of the business and contracts with related companies.

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