National Company for Learning & Education (NCLE) shareholders are set to vote on an 8% cash dividend for the fiscal year 2019/2020 ended Aug. 31, 2020, at SAR 0.8 per share, during the ordinary general meeting (OGM) that will be held on Jan. 13, 2021.
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Dividend Details (2019/2020) |
|
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Current Capital |
SAR 430 mln |
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Number of shares |
43 mln |
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Dividend |
SAR 34.4 mln |
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Percentage of capital |
8% (SAR 0.8 per share) |
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Record date |
Registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following the date of general assembly |
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Payment date |
To be announced later after the general assembly will approve dividend distribution |
Shareholders will also vote on delegating the company’s board of directors to distribute cash dividend for FY 2020/21 on a semi-annual or a quarterly basis, NCLE said in a bourse statement today.
They will vote on approving the board of directors and auditor reports, as well as financial statements for FY 2019/20. In addition, shareholders will appoint the company’s auditors for Q3 of FY2020/2021, FY 2020/21 ending on Aug. 31, 2021, and Q1 and Q2 of FY2021/2022.
The meeting will also elect new board members for the three-year term, starting Feb. 28, 2021, as well as formation of audit committee and discharge of the board members liability for the fiscal year ended Aug. 31, 2020.
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