Raoom shareholders approve 12.5% cash dividend for H2 2021

Logo of Raoom Trading Co.

Raoom Trading Co.'s shareholders approved a 12.5% cash dividend for H2 2021, at SAR 1.25 per share, during the extraordinary general meeting (EGM) held on June 14, according to a bourse statement.

During the meeting, shareholders gave the green light for authorizing the board to pay interim dividends on quarterly or semi-annual basis for 2022.

In addition, they approved electing board members for the upcoming three-year term starting June 17, 2022. The elected members are Abdulaziz Al-Hamid, Hamid Al-Hamid, Badr Al-Qadi and Saleh Al-Arefi.

Shareholders also approved forming the audit committee and setting its members’ duties and remuneration for the new term. The committee’s elected members are Saleh Al-Arefi, Badr Al-Qadi and Sultan Al-Shubaily.