Future Care EGM rejects authorizing board to pay interim dividends for 2024

01/07/2024 Argaam

Future Care EGM rejects authorizing board to pay interim dividends for 2024

Logo of Future Care Trading Co.

Future Care Trading Co.’s shareholders rejected authorizing the board of directors to distribute interim cash dividends on a semi-annual or quarterly basis for 2024, during the extraordinary general meeting (EGM) held on June 30.

 

According to a statement to Tadawul, shareholders approved the board’s recommendation to transfer the company’s SAR 4.05 million statutory reserve as of Dec. 31, 2023, to the retained earnings.

 

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