Maaden shareholders to vote on withholding FY 2017 dividend

Saudi Arabian Mining Co. (Maaden) has invited shareholders to vote on the recommendation to withhold distribution of dividends for fiscal year 2017 at the upcoming extraordinary general assembly meeting on March 1, the company said in a bourse statement.

Other issues on the agenda include approval of FY 2017 consolidated financial statements and appointment of external auditors.

Shareholders will also vote on the discharge of directors from liabilities, and amendment to Article (16) of the Articles of Association.