L’Azurde to withhold dividend for FY 2018

25/04/2019 Argaam

 

L’azurde for Jewelry Company’s shareholders have approved a board recommendation to hold off on issuing a cash dividend for fiscal year 2018, the bank said in a bourse statement.

 

The decision aims to support the company’s strategy of potential acquisitions to raise shareholders’ value.

 

Shareholders have also delegated the company’s board of directors to dstibute dividend for the fiscal year 2019 on a quarterly or semi-annual basis.

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