Alkhaleej Training shareholders to vote on dividend freeze for 2021 on June 14

Logo of Alkhaleej Training and Education Co.

Shareholders of Alkhaleej Training and Education Co. will discuss the board’s recommendation on withholding dividends for 2021, during an extraordinary general meeting (EGM) slated for June 14, according to a statement to Tadawul.

The board of directors recently proposed withholding dividends in order to allow the company to focus on acquisitions and expansions in the education sector, provide the necessary funding and support its financial position. 

Shareholders will also vote on financial statements, as well as the board and auditor reports for 2021.  

In addition, they will vote on reducing the number of board members from eight to seven. 

Other agenda items include appointing an external auditor from among nominees and discharging the board of directors from liability for 2021.  

They will discuss disbursing SAR 900,000 as remuneration for the board of directors for 2021, in addition to SAR 180,000 for audit committee’s members. 

Shareholders will e-vote on the meeting agenda items through Tadawulaty system as of June 10.