Riyadh-Mubasher: Al Hassan Ghazi Ibrahim Shaker’s ordinary general meeting agreed on 26 April to withhold dividends for the fiscal year 2015, and retain the earnings achieved in 2015, according to a bourse statement.
The board has recommended withholding FY15 dividends to enhance the company’s financial position as well as the future business growth.
During FY15, the Saudi firm reported a drop of 68.75% in profits to SAR 136.5 million as compared to SAR 436.9 million in FY14.
