Leejam Sports shareholders to authorize board to distribute interim dividends on May 4

A branch of Leejam Sports

Leejam Sports Co. (Fitness Time) shareholders will vote on authorize the board of directors to distribute interim dividends on a biannually or quarterly basis for FY 2023, during an ordinary general assembly meeting, scheduled to be held on May 4, according to a statement to Tadawul.
 

Shareholders will also vote on discharging the board of directors from liability for FY 2022.
 

Other agenda items include voting on delegating to the board of directors the authorization powers of the general assembly stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year starting from the general assembly date or until the end of the delegated board of directors’ term, whichever is earlier, in accordance with the executive regulations of Companies Law for listed joint stock companies.