‎“Learning Academy” GA approves distribution of SR12 mln cash ‎dividends for H2‎

The Academy of Learning Board of Directors announced the results of the Ordinary General Assembly meeting (the first meeting), which was held at 22:30 pm on Wednesday, 4/5/2023 AD.

Voting results:

– The report of the Board of Directors for the fiscal year ending on 12/31/2022 AD was reviewed and discussed.

– Approval of the auditor’s report for the fiscal year ending on 12/31/2022AD.

– The financial statements for the fiscal year ending on 12/31/2022 AD were reviewed and discussed.

Approval of appointing the office of Dr. Muhammad Al-Omari and Partners as an external auditor for the company’s accounts from among the candidates based on the recommendation of the Audit Committee, in order to examine and audit the semi-annual and annual financial statements of the fiscal year 2023 AD and the first half of the fiscal year 2024 AD, and determine his fees.

– Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (12,000,000) riyals to shareholders for the second half of 2022 AD, and the share of the share from the distribution is 2 riyals, representing 20% of the nominal value of one share, provided that the entitlement is for the shareholders who own the shares At the end of trading on the day of the General Assembly meeting and those registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, and the distribution date will be 4/16/2023 AD.