Al Khaleej Training and Education Co.’s extraordinary general assembly approved on Sunday a 5 percent cash dividend (SAR 0.50 per share) for the fiscal year 2016, the company said in a statement to Tadawul.
Shareholders of record on the general assembly meeting date are eligible to receive this dividend.
In addition, the extraordinary general assembly approved a remuneration of SAR 900,000 for the board of directors for FY16.
Shareholders also approved the board recommendation to appoint PKF as auditors for the fiscal year 2017.
Meanwhile, a lease agreement with Al Khaleej Computers was extended for an additional year at an annual value of SAR 1.366 million.
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