L’Azurde for Jewelry Co.’s general assembly approved on Sunday withholding cash dividend for the fiscal year 2017, the company said in a bourse statement.
Shareholders have also delegated the board of directors to distribute semi-annually or quarterly cash dividend, in accordance with corporate rules and regulations.
Meanwhile, they have elected board members for the upcoming three-year term starting on April 26, 2018.
The new board will include Mohammed Al Sherooqi, James Tenner, Abdullah Al Othaim, Rabih Khouri, Brian Norman, Adel Al Maiman, Amin Al Maghrabi, Abdulkareem Al Naser and Sabah Al Muayyed.
Shareholders have also named Rabih Khouri, Sabah Al Muayyed, Brian Norman and Adel Al Maiman as members of the audit committee.
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