Abdulla Abo Moati to discuss 5% cash dividend on September 4

Abdulla Saad Abo Moati For Bookstore Co. shareholders on September 4 will discuss and approve the board’s proposal for paying cash dividend at 5 percent of capital, or SAR 0.50 per share, totaling SAR 8 million for the fiscal year ended March 31, 2018.

They will also approve the board of directors’ report, an audit report and all financial statements for FY ending on March 31, 2018, the Nomu-listed company said in a bourse filing.

Shareholders will also discharge board members from liability associated with their activities for FY ending on March 31, 2018, select an external auditor for FY18 and Q1 2019 and approve the board bonuses at SAR 900,000 for the same FY.

During the meeting, a new board will be elected for the new three-year term starting on December 16, 2018.