Arriyadh Development OGM rejects major shareholders’ proposal for SAR 0.5/share dividend

30/06/2022 Argaam
Logo ofArriyadh Development Co. (ARDCO)

Logo of Arriyadh Development Co. (ARDCO) 

The ordinary general meeting (OGM) of Arriyadh Development Co. (ARDCO) rejected, on June 29, a proposal by some major shareholders to distribute a cash dividend of SAR 0.50 per share, or a total of SAR 88.89 million, from retained earnings.

 

Meanwhile, the audit committee formation and its remuneration policy were approved for the new three-year term that started from June 29, the company said in a statement to Tadawul.

 

The audit committee members are Sulaiman Al-Qahtai and Naif Al-Hudaithi (independent), as well as Ahmed Al-Kanhal and Saleh Al-Khalaf (non-board members).

 

The real estate developer paid a cash dividend of SAR 1.5 per share for 2021, Argaam earlier reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.