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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
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.

Most Read