Al Othaim shareholders to vote on interim dividends for 2025 on Oct. 1

04/09/2024 Argaam
Logo ofAbdullah Al Othaim Markets Co.

Logo of Abdullah Al Othaim Markets Co.

Abdullah Al Othaim Markets Co.’s shareholders will vote on authorizing the board of directors to pay interim dividends for 2025 on a semi-annual or quarterly basis during the extraordinary general meeting (EGM) on Oct. 1.

 

In a statement on Tadawul, the company said that the meeting will also include electing the members of the board of directors for the upcoming three-year term starting on Oct. 3, 2024.

 

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Additionally, shareholders will vote on the transactions and contracts concluded between the company and the General Organization for Social Insurance (GOSI), in which board member Bandar Al Tamimi has an indirect interest.

 

They will also vote on transactions to a 15-year lease contract worth SAR 331.54 million for a land in Dammam on which a commercial shopping mall and another 15-year lease contract for the land with commercial lounges in Dammam for SAR 91.2 million, both with the prevailing commercial conditions.

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