National Education to approve 4% cash dividend in February
National Company for Learning & Education (NCLE) shareholders on Feb. 20 will discuss the board’s recommendation on paying cash dividend at SAR 0.40 a share, or 4 percent of capital, totaling SAR 17.2 million for the second half of fiscal year ending on August 31, 2018.
Shareholders will approve the board of directors’ report, an audit report and all financial statements for the same period.
Shareholders will also appoint an external auditor for fiscal year ending August 31, 2019 and the first half of 2020, and discharge board members from liability associated with their activities for fiscal year ending on August 31, 2018.
During the meeting, shareholders will also approve the board bonuses at SAR 16,000 for each board director for the same period.