Kingdom Holding shareholders approve interim dividends for FY2020

Shareholders of Kingdom Holding Co. (KHC) authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2020, during the ordinary general assembly meeting (OGM) held on June 30.

Shareholders also approved the 5% dividend distributed for FY2019, as well as the financial statements and audit report for the same period, the company said in a bourse statement.

They also approved the board report and discharged board members from liabilities for the same fiscal year.

Meanwhile, they approved other agenda items, including the appointment of an external auditor to audit Q2, Q3, Q4 2020 and Q1 2021 financials, and SAR 1600,000 in board remuneration, the statement added.