Leejam shareholders authorize board to pay interim dividend for FY2020

Leejam Sports Co.’s (Fitness Time) shareholders approved authorizing the board to pay interim dividend for the fiscal year 2020 on a quarterly or semi-annual basis, during the company's ordinary general meeting held on April 30.

The company said in a bourse statement that the maturity and disbursement date will be determined according to the laws and regulations in line with the Companies Law and as per the company’s financial position and cash flow.

Shareholders also approved the paid dividend for FY2019 at 14.04% of capital, or SAR 1.404 per share, totaling SAR 73.5 million.

Meanwhile, they approved the financial statements, board and auditor’s report for FY2019, discharging members of the board from liabilities for the year, and a board remuneration of SAR 3.06 million for the same period.