Taiba Investments shareholders to vote on interim dividends for 2022 on April 18

Taiba Investments building


Taiba Investments Co.’s shareholders are set to vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general meeting (OGM) scheduled for April 18.

In a bourse statement, the company said shareholders will also discuss the board and audit reports, as well as financial statements for 2021, as well as discharge the board members from liability for the same year.

They will also vote on the appointment of an auditor to audit the financial statements for Q2, Q3, Q4, and 2022, and Q1 2023, and determine their fees.

In addition, shareholders will discuss the payment of a remuneration of SAR 2.58 million to board members for 2021.

The agenda items also include voting on the cash dividends distributed for Q3 2021 at 40% of capital, or SAR 4 a share, as well as limiting 2021 to such dividends.

Dividends Details (2021)

Current Capital

SAR 1.604 bln

Number of Shares

160.46 mln

Total Dividends

SAR 641.83 mln

Percentage from Capital

40% (SAR 4 a share)

Eligibility

Nov. 21, 2021

Payment Date

Dec. 5, 2021

The e-voting on the meeting agenda will start from April 14 through Tadawulaty services. 

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