Farm Superstores shareholders approve ‘no dividend’ for 2023

03/06/2024 Argaam
Logo ofFarm Superstores

Logo of Farm Superstores

Saudi Marketing Co. (Farm Superstores) shareholders approved withholding dividend for the year ended in Dec. 31, 2023, according to a statement to Tadawul.

 

This approval came during the ordinary general meeting (OGM) held on June 2.

 

Shareholders also approved all other items on the meeting’s agenda.

 

According to data available on Argaam, the board of directors recommended in March paying no dividend for 2023, to strengthen the company's financial position and support its expansion, in addition to the upgrades and renovations for the existing branches.

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