Zahrat Al Waha shareholders approve 7.5% cash dividend for H2 2019

Zahrat Al Waha for Trading Co.’s shareholders approved the board of directors' recommendation on paying cash dividend at 7.5% of capital, or SAR 0.75 per share, for the second half of 2019, during the ordinary general meeting (OGM) held on April 19.

The company said in a bourse statement today that shareholders approved audited financial statements, as well as board and audit reports for the fiscal year 2019.

In addition, they authorized the board to pay interim dividend for the fiscal year 2020 on a quarterly or semi-annual basis, and discharged board members from liabilities during FY 2019. They also appointed an external auditor for FY2020 and Q1 2021.

Furthermore, shareholders approved several businesses and contracts concluded with Hana Food Industries Co., in which board member Ahmed Hammoud Ibrahim Altheyab has a direct and indirect interest.