Thob Al Aseel to authorize board to pay interim dividend on June 8

Thob Al Aseel Co.’s shareholders are set to vote on delegating the board of directors to distribute interim dividend for the fiscal year 2020 on a semi-annual or a quarterly basis, during the general assembly meeting that will be held on June 8, 2020.

Dividend’s eligibility and payment will be determined according to the Companies Law, the company said in a bourse statement.

Shareholders will also vote on audited financial statements and audit report for the fiscal year 2019 and the board report for the same period as well as discharging members of the board of directors from liabilities during FY 2019.

In addition, they will vote on other items on the meeting’s agenda including appointing external auditor to audit the company’s financial statements for Q2, Q3 2020, annual financials for 2020 and Q1 2021.

Meanwhile, they will vote on board remuneration for FY2019 and related party transactions.