The General Assembly of Halwani Brothers Company, at its meeting held last Thursday, approved the recommendation of the Board of Directors to distribute cash dividends for the past fiscal year (2019).

The company said in a statement to the Saudi market (Tadawul) today, Sunday, that the company decided to distribute 10% cash dividends for the past year, by one riyal per share, with a total value of 31.429 Million riyals.

She explained that the eligibility of distributions to shareholders who own shares at the end of trading on the day of the meeting and who are registered in the company’s shareholders ’register with the depository company at the end of the second trading day following the due date.

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She noted that the profits will be disbursed on June 7, 2020 by transferring them to the bank accounts linked to the shareholders' portfolios in the Saudi Fransi Bank, and in the event of non-receipt of the profits, you can review any of the branches The bank.

Halawani Brothers General Assembly agreed to exchange the amount of 1.8 million riyals in remuneration for the members of the company's board of directors, at 20 thousand riyals for each member for the past fiscal year.