Al Moammar's shareholders authorize board to pay dividend for FY2020

Al Moammar Information Systems Co.'s (MIS) shareholders approved yesterday authorizing the board of directors to pay interim dividend on a semi-annual or a quarterly basis for FY2020, in line with the company's financial position, cash flows, as well as expansionary plans.

Shareholders also endorsed the paid dividend for H1 and H2 of FY2019 at SAR 2 a share, or 20% of capital, totaling SAR 32 million, the company said in a bourse statement.