Catering to vote on delegating board to distribute dividend on April 21

Saudi Airlines Catering Co.’s shareholders are set to vote on delegating the company’s board of directors to distribute dividend for the fiscal year 2020 on a semi-annual or a quarterly basis, during the general assembly meeting that will be held on April 21, 2020.

Shareholders will also vote on cash dividend distributed for FY 2019 at SAR 5.55 per share amounting to SAR 455.1 million representing 55.5% of capital.

On March 20, the company’s board of directors postponed the dividend distribution for Q4 2019 until further notice as a precautionary measure to maintain cash balance over the coming period, according to data compiled by Argaam.