BinDawood Holding shareholders authorize board to distribute 2022 interim dividends

BinDawood Holding Co.’s shareholders delegated the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general assembly meeting (OGM) held on June 26, according to a bourse filing.

Shareholders also granted the board the powers of the general assembly stipulated in the Companies Law, for a period of one year starting from the OGM’s approval date or until the end of the delegated board’s term, whichever is earlier.

Meanwhile, they also ratified the board and auditor’s reports for 2021, along with financial statements for the same year.

They also appointed an auditor to review the financial statements for Q2, Q3, and Q4 2022, along with Q1 2023.

Shareholders also approved other items on the meeting agenda, including related-party transactions.