GACO shareholders approve withholding FY2019 dividend, amending bylaws

28/01/2021 Argaam

Al Gassim Investment Holding Co. logo

Al Gassim Investment Holding Co.’s (GACO) shareholders approved withholding dividend for the fiscal year 2019, during the extraordinary general assembly meeting held on Jan. 27, 2021.

 

The company said in a bourse filing that the shareholders also approved amending bylaws articles related to the company’s objectives, participation and ownerships in other companies and the vacant position in the board of directors.

 

Meanwhile, they approved amending bylaws related to the board of directors’ remunerations and the powers of the chairman, deputy chairman, and the secretary as well as bylaws related to general assembly invitations, committee reports and financial documents.

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