Electrical Industries to withhold dividend for FY 2018

25/04/2019 Argaam

Electrical Industries Co.’s shareholders have approved a board recommendation to hold off on issuing a cash dividend for fiscal year 2018, the firm said in a bourse statement.

 

Shareholders have also approved the buyback of 500,000 shares of the company’s shares, to be allocated under the employee stock option program.

 

The purchase will be financed from the company’s internal resources.

Comments {{getCommentCount()}}

Be the first to comment

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.