L’azurde Company for Jewelry Announces Non-distribution of Cash Dividends to Shareholders for the year ending of 31 December 2020
| Element List | Explanation |
|---|---|
| Introduction | L'azurde Company for Jewelry announces the Board of Directors recommendation to not distribute a dividend to shareholders for the financial year 2020
This recommendation issued during the board meeting that held at 6:00 pm on 30 March 2021 |
| Date of the board’s decision | 2021-03-30 Corresponding to 1442-08-17 |
| Reasons for Not Recommending Distribution | To support and strengthen the financial position of the company, The company has not achieved profits this year, due to the repercussions of the Coronavirus pandemic and related consequences |
| Approvals | The recommendation will be presented in the next general assembly meeting for approval, which is to be determined. |
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