Abo Moati GA approves distribution of SAR 10 million cash dividends for FY ended on March 31st, 2023

21 Sep 2023

Riyadh - Maaal

Abdullah Saad AboMOati CO, announced the results of the ordinary general assembly meeting, (second meeting) which was held at 7:30 pm on Wednesday, corresponding to 20.09.2023, through modern technical means.

Votes results:

1. the Board of Directors Annual Report for the fiscal year ended on 31.03.2023 have been reviewed and discussed.

اقرأ المزيد

2. Approval of the auditor report on the Company accounts for the fiscal year ended on 31.03.2023.

3. The financial statements for the fiscal year ended on 31.03.2023 have been reviewed and discussed.

4. Approval of the Audit Committee recommendation RSM Allied Accountants to appoint the external auditor to examine, review and audit the financial statements for the second, third quarter of 2023, fourth quarter of 2024, Annual from 01.04.2023 to 31.03.2024 and the first quarter that ended on 30.06.2024 and set their fees.

5. Approval of the Board of Director’s recommendation to distribute dividends amounting to SAR (10,000,000) at SAR (0.50) per share, equivalent to (5%) of the nominal share value for the financial year ended on 31.03.2023, payable to shareholders at the closing of trading on Assembly Meeting Day, and for the Shareholders registry of the Securities Depository Centre at the end of the second trading day following the eligibility date, dividends distribution date will be announced later.

6. Voting on the Board of Director’s recommendation to distribute additional dividends amounting to SAR (10,000,000) at SAR (0.50) per share, equivalent to (5%) of the nominal share value for the financial year ended on 31.03-., payable to shareholders at the closing of trading on Assembly Meeting Day, and for the Shareholders registry of the Securities Depository Centre at the end of the second trading day following the eligibility date, dividends distribution date will be announced later.

7- Approval of pay SAR (900,000) as remuneration for the Board Members for the financial year ended 31.03.2023.

8. Approval to delegating the Board of Directors to distribute interim dividends on a biannual or quarterly basis for the fiscal year ended 31.03.2024.