Bank Aljazira transfers SAR 68 mln to retained earnings, approves 2021 interim dividends

31/12/2020 Argaam

Bank Aljazira logo

Bank Aljazira shareholders authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for the fiscal year 2021, the firm said in a statement to Tadawul.

 

The decision came during the extraordinary general assembly meeting (EGM), held on Wednesday, Dec. 30, 2020, where the shareholders also approved a number of agenda items.

 

The shareholders also approved transferring SAR 68 million from the general reserve to the retained earnings.

 

The general assembly also approved amending a set of articles of association, including Article 3 related to the company’ objectives and Article 4 related to the participation and ownership in companies.

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