Astra’s shareholders to vote on withholding FY2019 dividend on May 12

Astra Industrial Group’s shareholders will vote on withholding dividend for the fiscal year 2019 during the general assembly meeting scheduled for May 12, the company said in a statement to Tadawul on Monday.

They will also vote on annual financial statements, as well as board and audit reports for FY2019.

In addition, shareholders will discuss the board of directors’ recommendation to appoint external auditors to audit the company’s financial statements for Q2, Q3, Q4 and FY2020 and Q1 2021.

Other agenda items include a board remuneration of SAR 600,000 for FY2019, and discharging board members from liability for the same period, the statement added.