Arabian Drilling announces the Board of Directors approval to distribute cash dividend to shareholders for the second half of the year 2023
| Element List | Explanation |
|---|---|
| Introduction | Arabian Drilling announces the Board of Directors approval to distribute cash dividend to shareholders for the second half of the year 2023 |
| Date of the board’s decision | 2024-03-17 Corresponding to 1445-09-07 |
| The Total amount distributed | 225,170,000 |
| Number of Shares Eligible for Dividends | 89,000,000 |
| Dividend per share | 2.53 |
| Percentage of Dividend to the Share Par Value (%) | 25.3 % |
| Eligibility date | The eligibility date is on Monday 18 March 2024, the eligibility of cash dividend will be to shareholders who own the Company shares on the eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. |
| Distribution Date | Tuesday 2nd of April 2024 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information | Nonresident foreign investors should note that cash dividend that are transferred through resident financial intermediary are subject to Withholding Tax when transferred or deposited at a rate of 5% as stipulated in the provision of Clause (68) of the Income Tax Law and Clause (63) of the Implementing Regulation. |
Accordingly, the Company emphasize to non-resident shareholders who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate this to the Company within 5 five calendar days from the eligibility date and to provide the Company with all documents supporting the tax exemption.
The Arabian Drilling wishes to direct to remind its valuable Shareholders to update their information with the Banks in which they have their Banks accounts, to ensure that the future dividends are deposited directly to their Banks account.
For more information or inquiries, kindly contact the Investors Relation via email: IR@arabdrill.com
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.