Alujain Corporation’s general assembly has approved a 10 percent cash dividend for the fiscal year 2016, at SAR 1 per share, with the total dividend amounting to SAR 69.2 million.
Meanwhile, shareholders have decided to lay off board members and elected new board members for the upcoming three-year term.
Shareholders also declined to approve discharging board members from liabilities for the fiscal year 2016 and refused to approve the board’s annual report for the same period, the company said in statement on Tadawul.
Meanwhile, the general assembly has failed to okay amending the company’s bylaws and approving a number of contracts to be concluded with other companies.
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Cash Dividend Details (2016) |
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Current Capital |
SAR 692 mln |
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Number of shares |
69.2 mln |
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Cash dividend |
SAR 69.2 mln |
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Percent capital |
10% (SAR 1 per share) |
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Record date |
December 29, 2016 |
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Payment date |
Within 15 days from the EGM |
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