Bahri to discuss FY18 cash dividend at 15% in April

19/03/2019 Argaam

 

The National Shipping Company of Saudi Arabia (Bahri) shareholders on April 14 will approve the board’s recommendation on paying cash dividend at 15 percent of the stock’s nominal value, or SAR 1.5 a share, totaling SAR 590.63 million for FY ending on Dec. 31, 2018.

 

Shareholders will also touch upon board bonuses at SAR 1.6 million for FY18, the company said in a statement to Tadawul.

 

They will also discuss the board of directors’ report, an audit report and all financial statements for 2018.

 

Additionally, shareholders will discharge board members from liability associated with their activities in 2018, and select an external auditor for 2019 and Q1 2020.

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