Jarir to approve cash dividend for FY17 on April 23

Jarir Marketing Co. shareholders on April 23 are set to approve a dividend payout 87 percent of capital (SAR 8.70) totaling SAR 783 million paid for FY17.

During the meeting, shareholders will also approve the board of directors’ report, an audit report, and all financial statements pertaining to 2017.

Shareholders will discharge board members from liability associated with their activities in 2017, and select an external auditor for 2018.

Board bonuses at SAR 2.6 million and contracts signed with other parties will also be endorsed during the meeting.