The Board of Directors of Almarai Company, during its meeting on the December 13th 2015, has decided to recommend to the General Shareholders Assembly a payment of dividend for the financial year 2015 as follows:
1 - Total distributed dividends of SAR 690 million.
2 - Dividend per share of SAR 1.15.
3 - The dividend represents 11.5% of the nominal value of each share.
4 - The distribution is limited to the shareholders who are registered in Tadawul at the close of trading on the General Shareholders Assembly day.
5 - The date of the General Assembly meeting will be determined after obtaining the formal approval for the related government agencies.
6 - The date of cash dividend payment will be confirmed after getting the approval of the General Assembly.
7 - Dividend will be based on the 600 million existing shares.
We would like to draw the attention to the following regulation regarding the payment of dividend: for foreign non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the nonresident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.
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