Arabian Shield to withhold dividend for FY17

29/04/2018 Argaam

 

Arabian Shield Cooperative Insurance Co.’s board of directors has recommended withholding cash dividend for fiscal year 2017.

 

The decision aims to strengthen the insurer’s financial position, it said in a bourse statement.

 

In a separate statement, Arabian Shield said that it has added insurance protection and savings to its activities.

 

The new activity’s impact will reflect positively on the company’s 2018 financials, the statement added.

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