Al-Khodari approves dividend freeze for 2016

31/05/2017 Argaam

Abdullah A. M. Al-Khodari Sons Co.’s shareholders approved on Tuesday the board’s recommendation to withhold dividend for 2016 to boost the company’s financial position, the contractor said in a statement to Tadawul.

Shareholders also endorsed the board of directors’ report, audit report, and financial statements for 2016.

In addition, they discharged board members from liability associated with their activities in 2016, and selected an external auditor for 2017.


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