Almarai News

Almarai recommends distributing one billion Riyals of profits to shareholders

On Tuesday evening 1st of Ramadan, 1442 (13th of April 2021), Almarai held the Extraordinary General Meeting (EGM), at its headquarters in Riyadh, in the presence of Prince Nayef bin Sultan bin Muhammad bin Saud Al-Kabeer, the Chairman of the Board of Directors in Almarai and the Chairman of the committee, Abdullah Al-Bader, Almarai CEO, and Bader Al-Issa, the managing director.

The meeting was held virtually to be in line with preventive and precautionary measures for the Corona pandemic. The president of the committee announced that the quorum required to hold this extraordinary general assembly had been completed with an attendance rate of 83.5%. During the meeting, the committee has approved all the 29 items of the committee, including the Board of Directors’ recommendation. The recommendation advises distributing the cash dividends of one billion riyals to shareholders.

Upon concluding the Extraordinary General Meeting, the committee’s chairman thanked the shareholders for their attendance and cooperation and wished more success and progress to Almarai.