Alkhorayef Water shareholders authorize board to pay dividends for 2023

Logo of Alkhorayef Water and Power Technologies Co. (AWPT)

Alkhorayef Water and Power Technologies Co.’s (AWPT) shareholders approved authorizing the board of directors to pay interim dividends on a quarterly or semi-annual basis for 2023, during an ordinary general meeting (OGM) held on June 15.

In a statement to Tadawul, the company pointed out that shareholders also approved the election of board members for the upcoming three-year term, ending on June 14, 2026.

The elected board members are Abdulaziz Alkhorayef, Fahd Alkhorayef, Othman Al-Najdi, Ammar AlZubaidi, AbdulRahman Al-Oweiss and Faisal Al-Duwaish.

On the other hand, shareholders disapproved the formation of the audit committee for the next three-year session.

The candidates were independent members Sulaiman Alquhidan, Abdullah Alhajri, Faisal Al-Duwaish and Abdulaziz Alfakhri, in addition to non-executive member Ammar AlZubaidi.

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