The Company for Cooperative Insurance’s (Tawuniya) shareholders are set to vote on a board recommendation of an 8% cash dividend for 2020, during the ordinary general assembly meeting (OGM) that will be held on April 29, 2021.

 

Shareholders will also vote on delegating the board of directors the powers of the general assembly for one year from the date of the OGM approval or the end of the delegated board term, whichever is first.

 

Meanwhile, they will vote on other items on the meeting’s agenda, including amending corporate governance and ratifying financial statements, audit report and board report for 2020.

 

Shareholders will e-vote on the agenda items as of April 25, 2021, until the date of the OGM.

 

Dividend Details (2020)

Current Capital

SAR 1.25 bln

Number of shares

125 mln

Dividend

SAR 100 mln

Percentage of capital

8% (SAR 0.80 per share)

Record date

Shareholders who own the company’s shares at the end of the OGM and are registered with the Securities Depository Centre (Edaa) at the end of second trading day following the OGM, date of which will be announced later.

Payment date

To be determined

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Tawuniya plans 8% cash dividend for 2020

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