Abo Moati shareholders approve 5% dividend for FY2020/21

Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s (Abo Moati) shareholders approved the board's recommendation of a 5% cash dividend (SAR 0.5 a share) for the fiscal year ended March 31, 2021, during an ordinary general assembly meeting held on Sept. 16.

In a bourse statement, the company said shareholders also approved board and auditor reports, along with financial statements, for the fiscal year ended March 31, 2021.

They also appointed an external auditor to examine, review and audit the financial statements for Q2 and Q3 of 2021, Q4 2022, and for fiscal year ending March 31, 2022, in addition to Q1 2022 (ending June 30, 2022).

Shareholders also approved paying SAR 900,000 as remuneration to board members for the fiscal year ended March 31, 2021.