Astra’s shareholders approve withholding dividend for FY2019

Astra Industrial Group’s shareholders approved withholding dividend for the fiscal year 2019 during the general assembly meeting held on May 12, the company said in a statement to Tadawul.

Shareholders also authorized the board of directors to distribute dividend for FY2020 on a quarterly or semi-annual basis.

In March, Astra’s board of directors recommended withholding dividend for the fiscal year 2019 to strengthen the company’s solvency and financial position, according to data compiled by Argaam