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Al Alamiya for Cooperative Insurance Company Announces the Recommendation of The Board of Directors Not to Distribute A Dividend for the Financial Year 2020G

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Introduction Al Alamiya for Cooperative Insurance Company announces the recommendation of the Board of Directors at the meeting that held today 03/03/2020G not to distribute a dividend for the financial year 2020G in order to continue to support the future growth of the business.

The recommendation will be placed for approval before the Ordinary General Assembly the date of which will be determined later.

Date of the board’s decision 2021-03-03 Corresponding to 1442-07-19
Reasons for Not Recommending Distribution In order to continue to support the future growth of the business.
Approvals The recommendation will be placed for approval before the Ordinary General Assembly the date of which will be determined later.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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