Thob Al Aseel shareholders authorize board to pay interim dividends for 2022

Logo of Thob Al Aseel Co. 

Shareholders of Thob Al Aseel Co. authorized the board of directors to pay interim cash dividends on a quarterly or semi-annual basis for 2022 during the ordinary general meeting (OGM) held on June 26, according to a bourse statement.

They also approved audited financial statements, as well as the board and auditor’s reports for 2021.

Additionally, shareholders gave the go-ahead for paying SAR 1.3 million as board remuneration for the same year.

Other approved agenda items included discharging board members from liability for 2021 and appointing an auditor from among nominees to review Q2, Q3 and 2022, as well as Q1 2023.

The Tadawul-listed company paid a 7.5% cash dividend for H2 2021, and increased capital from SAR 300 million to SAR 400 million, through a 33.33% bonus share distribution, according to data available with Argaam.