AlAbdullatif to approve 2018 dividend in March

05/03/2019 Argaam

AlAbdullatif Industrial Investment Co.’s shareholders on March 27 will discuss the board’s recommendation on paying cash dividend at 2.5 percent of capital, or SAR 0.25 a share, totaling SAR 20.3 million for FY18, the company said in a bourse filing.

 

The cash dividend payment will be financed from retained earnings.

 

Shareholders will also discuss the board of directors’ report, an audit report and all financial statements for FY ending on Dec. 31, 2018.

 

Shareholders will also discharge board members from liability associated with their activities in 2018, and approve the payment of SAR 100,000 in board bonuses for FY ending on Dec. 31, 2017.

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