AXA Insurance’s shareholders to vote on distributing 10% dividend for 2021 on May 15

Logo of AXA Cooperative Insurance Co.

AXA Cooperative Insurance Co.’s shareholders will vote on the distribution of 10% cash dividend for 2021, at SAR 1 per share, amounting to SAR 50 million, during an ordinary general assembly meeting to be held on May 15, according to a bourse filing.

Eligibility to the dividend distribution will be to shareholders owning the shares at the end of the trading day of OGM meeting and those registered in the company’s shareholders register with the Securities Depository Center (Edaa) at the end of the second trading day following the approval date.

The company will announce the distribution date later.

Shareholders will also vote on appointing and setting the fees of external auditors. The auditors will review the company's financial statements for Q2, Q3, Q4 and FY 2022 as well as Q1 2023.