Logo of Arabian Shield Cooperative Insurance Co.

Arabian Shield Cooperative Insurance Co.'s board of directors approved today, May 12, recommending no dividends for 2021, the company said in a statement to Tadawul.

 

The company attributed the decision to the need to support and strengthen its financial position. Arabian Shield also aims to maintain its solvency margin to finance its future development plans.

 

The recommendation will be submitted for approval to the upcoming general assembly meeting, which will be scheduled later.

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