Aslak shareholders delegate board to pay dividend for FY2020

United Wire Factories Co.’s (Aslak) shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2020, during its ordinary general assembly meeting held on June 29, 2020, the company said in a bourse statement.

Shareholders also approved audited financial statements and audit report for FY2019, as well as the board report for the same period and discharging members of the board of directors from liabilities during FY2019.

In addition, they approved other items on the meeting’s agenda including appointing external auditor to audit the company’s financial statements for Q2, Q3 2020, FY2020 and Q1 2021.

Meanwhile, they approved board remuneration for FY2019, as well as bylaws related to board remuneration policy and related party transactions.