Lazurde shareholders to vote on capital hike, dividend freeze for 2020 on May 23

Lazurde Co. for Jewelry’s shareholders are set to vote on the board of directors’ recommendation to increase capital by SAR 145 million to SAR 575 million, during the extraordinary general meeting (EGM) that will be held on May 23, 2021.

Shareholders will vote on the board’s recommendation of withholding dividend for 2020, in addition to authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for 2021.

They will also approve the board and auditor reports and financial statements for 2020, as well as appoint an external auditor.

Shareholders can vote on the assembly items as of May 19, 2021, through Tadawul services.