Qoo Communications shareholders approve 11.9M Riyals profit distribution

Shareholders of United Aldis Telecom "Qof" approved a cash dividend distribution of 11.9 million Saudi Riyals for the fiscal year ending March 2026, at a rate of 0.35 Riyals per share, equivalent to 3.5% of the face value per share. The distribution was approved during the extraordinary general assembly meeting held remotely, and dividend payments will commence on September 16, 2026. The board of directors has been authorized to implement transactions and contracts with related parties, including financial dealings, technical services, and cybersecurity. Additionally, the shareholders approved the reports and data related to the dividend distributions, but the proposed amendments to the policies for selecting board members were not approved.

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