07 FEB 2022
|Date of the board’s decision
|06-02-2022 Corresponding to 1443-07-05
|Reasons for Not Recommending Distribution
|Due to the impact of high volatility of global shipping freight on the company’s 2021 results and to maintain positive cash flow as well as to strengthen the financial position of the company to support the future expansions. It is also in line with the dividends policy which was approved by the general assembly meeting in 26/4/2021. It’s worth mentioning that the company has already distributed 1 SAR per share for the 1st half of 2021.
|This recommendation will be presented for voting during the next general assembly meeting of the Company, the date of which will be determined later.