Siniora Food Industries Announces Board Changes; Ratifies Dividend Distribution
April 22, 2018 at 11:00 pm EDT
Siniora Food Industries held its general assembly on April 19, 2018, ratified increasing the number of its board of directors from five to seven members and elected Ms. Lana Ghanem (Managing Director of Hikma Ventures) and Mr. Amin Abdulrahim (General Manager of Perfetti Van Melle - Middle East & Africa) as new independent board members in compliance with corporate governance regulations of public shareholding companies issued by the Jordanian Securities Commission.
The company also ratified dividend distribution of 23.63% of the company's paid-up capital; 10% as cash dividends amounting to USD 3.1 million, and 13.63% as three million bonus shares, thus increasing Siniora's paid-up capital to USD 35.3 million.