National Building shareholders approve dividend freeze for 2021

22/05/2022 Argaam
Logo ofNational Building and Marketing Co.

Logo of National Building and Marketing Co.

National Building and Marketing Co.’s (NBM) shareholders approved withholding dividend for 2021, during the ordinary general meeting (OGM) held on May 19, according to a bourse filing.

 

They also approved the board and auditor reports, as well as the consolidated financial statements for 2021.

 

Shareholders also discharged the board members from liability for 2021 and appointed a new auditor to review financials for Q2, Q3, Q4 2022 and Q1 2023.

 

They further ratified the disbursement of SAR 175,000 as board remuneration for last year.

 

Additionally, shareholders endorsed the business contracts inked between the company and other institutions.

 

The company has not distributed any dividends since its listing in April 2018.

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