National Building approves dividend freeze for FY 2019

National Building and Marketing Co.'s shareholders approved the board's recommendation on withholding dividend for FY ending Dec. 31, 2019, during the company's ordinary general meeting (OGM) held on Thursday, the company said in a bourse statement.

Shareholders also approved SAR 200 million worth of business contracts to be signed in 2020.

They also endorsed the formation of a new audit committee for the current three-year term ending Jan. 28, 2022, the statement added.