Al Alamiya Insurance approves dividend freeze for FY16

23/05/2017 Argaam

Al Alamiya for Cooperative Insurance Co.’s general assembly on Monday approved the board’s recommendation to withhold dividend for fiscal year 2016, the insurer said in a statement to Tadawul.

 

Shareholders also approved extending contracts with Riyad Bank, Riyad Company for Insurance Agency, an affiliate of Riyad Bank, and RSA Insurance for an additional year.

 

Meanwhile, a board remuneration of SAR 471,000 was approved for the same period.

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