Fitaihi approves FY16 dividend freeze

02/05/2017 Argaam

Fitaihi Holding Group’s extraordinary general assembly approved on Monday withholding dividend for fiscal year 2016, the company said in a statement to Tadawul.

 

During the meeting, shareholders also appointed Ernst & Young as external auditors for fiscal year 2017.

 

The company approved extending contracts with Sheikh Ahmed Fitaihi, its board chairman, the International Medical Center (IMC), and Mohammed Ahmed Fitaihi for an additional year.

 

In the past, the jewelry retailer’s board of directors had also recommended withholding dividends for fiscal year 2015, Argaam earlier reported.

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