United Wire Factories Co.’s (Aslak) shareholders will vote on the board of directors’ recommendation to distribute a 5 percent cash dividend, totaling SAR 21.9 million for the fiscal year 2017 in the upcoming general assembly meeting on Apr. 30.
Registered shareholders at the Securities Depository Center Co. (Edaa) on the end of the second trading day following the general assembly are entitled to receive the cash dividend, the company said in a statement to Tadawul on Wednesday.
The company’s financial statements, as well as board and auditors' reports for the fiscal year 2017 will be also discussed.
Additionally, shareholders will vote on approving SAR 900,000 in board remuneration, appoint external auditors, and discharge board members from liabilities for the previous fiscal year, the statement added.
Comments
{{DisplayName}}
{{ElapsedTime}}