Learning Academy GA Approves 3-year Dividend Policy

Academy of Learning Company, a Listed Joint Stock Company, are pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting), which was held on 23/ 8/ 2022.
The Voting Results on the Items of the General Assembly’s Meeting Agenda’s:
1- Approve the dividend policy for the Academy of Learning of years 2022, 2023, 2024
2- Approve The Board of Directors’ recommendation to distribute the amount of (SR9,000,000) cash dividends to the shareholders for the first half of 2022, and the dividend per share is 1.5, representing 15% of the nominal value per share, provided that the eligibility is for the shareholders who own the shares at the end of trading day of the General Assembly meeting and those registered in the company’s shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, the dividend distribution date will be on Thursday 08/09/2022.
3- Approve the Board of Directors’ decision to appoint Mr. Saadoun bin Khalid AlKhalidi (Non-Executive Member) as a member of the Board of Directors starting from the date of his appointment on 19/07/2022 and until the end of the current board term on 25/6/2026 replacing the previous member, Ms. Suha Saad Al-Seif (Non-Executive Member).