Buruj shareholders to vote on withholding dividend for FY2019 on June 9

Buruj Cooperative Insurance Co.’s (Buruj) shareholders will vote on withholding cash dividend for the fiscal year 2019 during the ordinary general meeting that will be held on June 9, 2020, the company said in a bourse statement.

Shareholders will also vote on audited financial statements, as well as audit and board reports for the FY2019.

They will further vote on appointing an external auditor, discharging board members from liabilities for FY2019, in addition to annual remuneration of SAR 900,000 for the board of directors and SAR 627,000 for the committee members.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of June 5, in line with the government’s efforts to prevent the spread of coronavirus.