Buruj shareholders approve 2023 dividend freeze

06/06/2024 Argaam
Logo ofBuruj Cooperative Insurance Co.

Logo of Buruj Cooperative Insurance Co.

Buruj Cooperative Insurance Co.’s shareholders approved a board of directors’ recommendation to withhold cash dividends for 2023, during the ordinary general meeting (OGM) held on June 5, the company said in a filing to Tadawul.

 

According to data available on Argaam, the insurer’s board of directors recommended in March withholding dividends for 2023 to support and strengthen the company’s financial position.

 

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Buruj last paid dividends in 2018 at 10% of capital, or SAR 1 per share.

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