Astra Industrial to approve FY18 dividend freeze in April

26/03/2019 Argaam

Astra Industrial Group’s shareholders on April 21 will approve withholding dividends for FY18, the company said in a bourse statement.

 

Shareholders will also elect new board members and a new audit committee for the coming three-year term starting as of April 22, 2019.

 

The board of directors’ report, an audit report and all financial statements for 2018 will be also endorsed.

 

Additionally, shareholders will discharge board members from liability associated with their activities in 2018, and select an external auditor for 2019 and Q1 2020.

 

Board bonuses at SAR 600,000 for FY18 will be also approved during the meeting.

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