Red Sea International to approve FY18 dividend freeze in May

17/04/2019 Argaam

Red Sea International Co.’s (Red Sea) shareholders on May 9 will approve the board’s recommendation on withholding dividend for FY18, the company said in a bourse filing.

 

The board of directors’ report, an audit report and all financial statements for 2018 will be also discussed.

 

Shareholders will discharge board members from liability associated with their activities in 2018, and select an external auditor for 2019 and Q1 2020.

 

Board bonuses at SAR 629,000 for 2018 will be also approved.

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