Riyadh – Mubasher: Bank Aljazira’s extraordinary general meeting (EGM) approved authorising the board of directors to distribute interim dividends on a quarterly or a semi-annually basis for fiscal year (FY) 2021.

The EGM further approved transferring SAR 68 million from the general reserve to the retained earnings, the lender said in a bourse filing on Thursday.

The decisions were made during the EGM meeting held virtually on 30 December 2020.

During the nine-month period ended on 30 September, Bank Aljazira’s net profit decreased by 28.87% to SAR 529 million, from SAR 743.7 million for the same period last year.