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JADCO to discuss proposed dividend plan Feb. 25

JADCO to discuss proposed dividend plan Feb. 25
Photo Credit: Arabianeye-Reuters
ALJOUF
6070
5.28% 53.80 2.70

Al Jouf Agricultural Development Co. (JADCO) will hold an ordinary general meeting on February 25, 4:00 p.m., at Nuzul Hotel, Sakakah.

Shareholders will look into agenda items, mainly balance sheet, profit/loss statement as well as board and auditor’s reports for the fiscal year ending on December 31, 2014.

They will also discharge board members from liability for the same FY. In addition, an auditor will be named for FY15.

Shareholders will also consider the board’s recommendation on paying cash dividend for FY14 at 10% of capital, or SAR 1 per share, totaling SAR 30 million.

Shareholders of record until the close of trading on the meeting date are entitled to this dividend.