Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons’ ordinary general meeting (OGM) has adopted a proposal by the board of directors to freeze cash dividends for fiscal year 2016.

The dividends freeze will aim to enhance the company’s financial position, a bourse filing said on Wednesday.

The OGM also adopted the board's and auditor’s reports for the year ended 31 December 2016.

The stock rose on Tuesday by 0.89% to SAR 10.24.