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Al Othaim OKs cash dividends, elects board members

Al Othaim OKs cash dividends, elects board members
Abdullah Al Othaim Markets
A.OTHAIM MARKET
4001
-0.49% 6.11 -0.03

Riyadh-Mubasher: The extraordinary general meeting of Abdullah Al Othaim Markets approved cash dividends for the fiscal year 2014 at 17.5% of capital, or SAR 1.75 per share, totalling SAR 78.75 million.

Shareholders of record on 13 April are eligible for the dividends which will be paid on 29 April, via Al-Rajhi Bank.

During Monday’s meeting, shareholders elected the following board members for the next three-year term starting from 3 October: Abdullah Al Othaim, Bandr Al-Tamimi, Fahad Al Othaim, Youssef Al-Gafari, Saleh Al Othaim, Abdulaziz Al Othaim, Abdulsalam Al-Rajhi and Abdul Aziz Al-Rebdi.