Abo Moati shareholders to vote on 5% dividend for FY2020 on Sept. 9

Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s (Abo Moati) shareholders are set to vote on a board recommendation to distribute a 5% cash dividend, or SAR 0.5 per share, for the fiscal year 2020, during the general assembly meeting that will be held on September 9, 2020.

Shareholders will also vote on the consolidated financial results, as well as the board and auditor reports for the fiscal year ended March 31, 2020.

Moreover, they will vote on appointing an auditor, discharging board members from liabilities for FY 2020, in addition to a board remuneration of SAR 900,000 for 2020.

Shareholders will participate and vote through Tadawulaty system as of September 5, as per the Capital Market Authority’s (CMA) circular issued on March 16, in line with the government’s efforts to prevent the spread of coronavirus.