Maaden shareholders to vote on withholding 2020 dividend on March 15

Logo of Saudi Arabian Mining Co. (Maaden)

Saudi Arabian Mining Co.’s (Maaden) shareholders will vote on a board recommendation to withhold cash dividend for the year ended Dec. 31, 2020, during the general assembly meeting that will be held on March 15, 2021, the company said in a bourse statement.

They will also vote on audited financial statements, audit report, the board report for the same period as well as discharging members of the board of directors from liabilities during FY 2020

Meanwhile, the general assembly will vote on other items in the meeting’s agenda including appointing external auditor to audit the company’s financial statements for years 2021 and 2022.

Shareholders will be able to e-vote via Tadawulaty as of March 11, 2021.