Astra shareholders to discuss 15% cash dividend for 2021 on April 21

Astra Industrial Group’s shareholders will vote on the board’s recommendation to pay a cash dividend at 15%, or SAR 1.5 per share, for 2021, during the extraordinary general meeting (EGM), slated for April 21, according to a bourse filing.

Shareholders will also vote on appointing Ibrahim Al-Gomllas as an audit committee member until the end of the current term ending on April 21, 2022.

They will further vote on electing board members for the upcoming three-year term starting on April 22, 2022, and the audit committee for the same three-year term, which will include Abdel Kariem Al-Nafi and others.

Shareholders will discuss plans to repurchase a maximum of 800,000 shares, or no more than 1% of the total issued shares, to retain them as treasury shares for the Employee Shares Incentive Program (ESIP), and repurchase a maximum of four million shares, or no more than 5% of the total issued shares, to retain them as treasury shares.

The e-voting on the EGM agenda items will start from April 18.