Arabian Shield Cooperative Insurance Co. Announces Non-distribution of Cash Dividends to Shareholders for the financial year ending on 31-12-2021G

2022-05-12 15:57:18

Element ListExplanation
Introduction Arabian Shield Cooperative Insurance Company announces the Issuance of the Board of Directors' recommendation to not distribute cash dividends for the financial year ending on 31-12-2021G.
Date of the board’s decision 2022-05-12 Corresponding to 1443-10-11
Reasons for Not Recommending Distribution To support and strengthen the company's financial position and preserve the solvency margin to finance its future development plans.
Approvals The recommendation will be submitted for approval at the General Assembly meeting which will be scheduled at a later date.