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Arabian Shield cancels 2019 dividends

Arabian Shield cancels 2019 dividends
Board members will receive a remuneration of SAR 1.2 million for 2019
ARABIAN SHIELD
8070
-0.45% 17.88 -0.08

Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s ordinary general meeting (OGM) decided not to distribute dividends for fiscal year (FY) 2019 following a recommendation from the company’s board of directors.

It also discharged the board from liability for 2019 and approved the financial statements and auditors’ report for 2019, according to a stock exchange filing on Wednesday.

Moreover, the OGM approved granting a remuneration worth SAR 1.2 million to board members for 2019.