Amlak to vote on 8% cash dividend for 2020 on May 24

Amlak International for Real Estate Finance Co.’s (Amlak) shareholders will vote on the board’s recommendation on paying cash dividend at 8% of capital, or SAR 0.80 a share, totaling SAR 72.48 million for 2020, during ordinary general meeting (OGM), slated for May 24, 2021, according to a bourse filing.

Shareholders will also vote on financial statements as well as board and auditor's reports for 2020.

Additionally, they will discuss discharging board members from liability for last year, in addition to appointing an external auditor to review financial statements for Q2, Q3, and Q4 2021, and Q1 2022.

Shareholders will touch on paying board remuneration of SAR 2.33 million and audit committee remuneration of SAR 376,000 for 2020.

They will discuss the board’s decision on appointing Nasser Yousef Al Marzouki, as a non-executive board member, for the current three-year board term, ending June 3, 2021.

They will discuss electing a board of directors and an audit committee for the upcoming term starting June 4, 2021.