Jarir authorizes board to pay interim dividends for 2021

Jarir Marketing Co.’s shareholders approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021, during the ordinary general meeting (OGM), held on May 26, 2021, according to a bourse filing.

They also approved board and auditor reports and financial statements for 2020, in addition to endorsing board remuneration of SAR 2.65 million for last year along with several business contracts concluded by the company.

Shareholders discharged board members from liability for 2020 and appointed an external auditor to review financial statements for Q2, Q3, Q4 2021 and Q1 2022.

During the meeting, shareholders ratified amending the board remuneration policy as well as audit committee work regulations.