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Saudi Marketing Company (Farm Superstores) announces the recommendation of the Board of Directors not to distribute dividends to shareholders for the year ending December 31, 2021

FARM SUPERSTORES 4006 -0.20% 19.96 -0.04
Element List Explanation
Introduction Saudi Marketing Company (Farm Superstores) announces the recommendation of the board of Directors not to distribute dividends to the shareholders for the year ending December 31, 2021
Date of the board’s decision 2022-03-30 Corresponding to 1443-08-27
Reasons for Not Recommending Distribution To support and strengthen the financial position of the Company, and its expansion during the current year, in addition to the upgrades and renovations for the existing branches.
Approvals This recommendation will be presented for voting during the next general assembly meeting of the Company, the date of which will be determined later after taking approval from official authorities.

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