Aseer shareholders approve SAR 1/share dividend for FY15

Aseer Trading, Tourism & Manufacturing Co. shareholders approved on Monday a cash dividend at 10 percent of capital, to be issued at SAR 1 a share for fiscal year 2015, the company said in a statement to Tadawul.

A proposal to pay SAR 1.8 million in bonuses to board members was approved, along with the board’s report, financial statements and auditors’ report for FY15.

The annual lease totaling SAR 1.5 million was approved for Al Khozama Management Co. under a five-year agreement. Aseer owns a five percent stake in Al Khozama.

In addition, the board was discharged from liability for its activities last year.