Future Care EGM rejects authorizing board to pay interim dividends for 2024

01/07/2024 Argaam
Logo ofFuture Care Trading Co.

Logo of Future Care Trading Co.

Future Care Trading Co.’s shareholders rejected authorizing the board of directors to distribute interim cash dividends on a semi-annual or quarterly basis for 2024, during the extraordinary general meeting (EGM) held on June 30.

 

According to a statement to Tadawul, shareholders approved the board’s recommendation to transfer the company’s SAR 4.05 million statutory reserve as of Dec. 31, 2023, to the retained earnings.

 

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