| Introduction | Fitaihi Holding Group announces the recommendation of the Board of Directors to the General Assembly not to distribute dividends to its shareholders for the second half of the fiscal Year 2019. |
| Board Resolution Date | 2020-03-25 Corresponding to 1441-08-01 |
| Reasons for Not Recommending Distribution | The Board’s recommendation not to distribute dividends, for the second half of the fiscal year 2019, is due to the insufficiency of the retained eranings balance. |
| Approvals | The Board recommendation will be submitted for voting in the upcoming General Assembly Meeting that will be scheduled after obtaining the regulatory approval. |
