Farm Superstores shareholders to vote on withholding FY19 dividend on May 14

Saudi Marketing Co.’s (Farm Superstores) shareholders will vote on withholding dividend for the fiscal year 2019 during the general meeting scheduled for May 14, the company said in a statement to Tadawul on Sunday.

They will also vote on financial statements, as well as board and audit reports for the fiscal year 2019.

In addition, shareholders will discuss authorizing the board of directors to distribute cash dividends on a quarterly or semi-annual basis for the fiscal year 2020 and discharge board members from liability for FY19.

Other agenda items include a board remuneration of SAR 1.05 million for the fiscal year 2019, and the appointment of an external auditor, the statement added.