Al Waha approves 10% dividend for FY 2018

Zahrat al Waha Trading Co.’s shareholders have approved a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 15 million, the company said in a bourse statement.

Shareholders, however, have refrained from voting on related party transactions to take place with Hana Food Industries Co. (Hana Water) and Homoud Al Dhiyab Sons Co.

Meanwhile, they have also refrained from voting on a number of other items on the meeting agenda including discharging board members from liabilities during FY 2018, board remuneration policy and board remuneration for FY 2018.

All items will be discussed in another meeting, the statement added.