Ataa Educational shareholders approve 10% cash dividend for 2020/21

Ataa Educational Co.’s shareholders approved the board’s recommendation on paying a cash dividend at 10% of capital, or SAR 1 a share, for the fiscal year that ended on July 31, 2021, during the ordinary general meeting (OGM) held on Nov. 7, according to a bourse filing.

Shareholders also elected new board members for the next three-year term starting from Nov. 8, 2021.

The board members are Tariq bin Othman Al-Qasabi, Ahmed bin Nasser Al-Mutib, Thunayan bin Suleiman Al-Thunayan, Abdulaziz bin Saeed Alamri, and Othman bin Tariq Al-Qasabi as non-executive members; Mohammed bin Ali Al-Otayfi, AbdulIlah bin Saleh Al-Alsheikh, and Abdurrahman bin Mohammed Al-Barrak as independent members; and Farah bint Ahmed Al-Mutib as an executive member.

They also ratified the formation of a new audit committee, determined their tasks and remuneration for the same term.

The members are AbdulIlah bin Saleh Al-AlSheikh and Mohammed bin Ali Al-Otayfi as independent, and Abdullah bin Tariq Al-Qasabi as non-executive.

Shareholders also approved the rest of the items on the agenda.

The dividend will be transferred to shareholders' accounts that are linked to their investment portfolios with local banks, as of Sunday, Nov. 21.