Chairman : Fitaihi expansions to boost FY15 performance

21/01/2015 Argaam

Fitaihi Holding Group​, which provides jewelry products and luxury fashion items in Saudi Arabia,​withheld dividends in fiscal year 2014 to finance future expansions​ and boost the company’s performance in 2015, said chairman Ahmed Hassan Fitaihi.


If the company decides to distribute cash dividends in the future, expansion projects will be halted because loan facilities are not an option, Fitaihi ​said to CNBC Arabiya.


The company’s board of directors recommended for the first time on Tuesday withholding dividends for fiscal year 2014, according to data available on Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.