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Ma'aden shareholders OK dividend freeze

Ma'aden shareholders OK dividend freeze
Photo Credit: Arabianeye-Reuters
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Saudi Arabian Mining Co. (Ma'aden) announced that the ordinary general meeting, held on Sunday, March 1, approved withholding FY14 dividends.

Shareholders also appointed Ernst & Young as an external auditor to review FY15 final accounts, according to the company's filing to Saudi bourse.

In addition, Abdulaziz bin Abdullah Al Sugair was appointed as an independent board member, replacing Sulaiman bin Saad Al Humaid.