Abo Moati to pay FY2019/2020 dividend on September 22

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) said it will pay cash dividend for the fiscal year ended March 31, 2020 on Sept. 22, 2020.

Shareholders of record at the day of the general assembly meeting, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend, the company said in a bourse statement.

Earlier this month, shareholders approved the board’s recommendation to distribute a 5% cash dividend, or SAR 0.5 per share, for FY2019/2020, according to data compiled by Argaam.