Lazurde board recommends dividend freeze for 2020

31/03/2021 Argaam

Lazurde Company for Jewelry's board of directors recommended, on March 30, 2021, freezing dividends for 2020, the company said in a filing to Tadawul.

 

The move aims to support and strengthen the company's financial position, as it failed to achieve profit in 2020 due to the repercussions of the coronavirus pandemic.

 

The recommendation is pending the approval of the upcoming general meeting whose date will be determined after obtaining the approval of competent authorities.

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