Abo Moati OGM refuses to pay board remuneration for FY 2023/2024

19/09/2024 ِArgaam

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Shareholders of Abdullah Saad Mohammed Abo Moati for Bookstores Co. approved authorizing the board of directors to pay interim dividends on a semiannual or quarterly basis for the fiscal year ended on March 31, 2025.

 

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The decision was taken during the ordinary general meeting (OGM) held on Sept. 18, according to a Tadawul statement.

 

Meanwhile, shareholders refused to pay board remuneration for FY 2023/2024.

 

According to data available with Argaam, the company paid a cash dividend for FY 2023/2024 at 10% of capital, or SAR 1 a share.

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