| Element List | Explanation |
|---|---|
| Introduction | - |
| Date of the board’s recommendation | 2024-08-04 Corresponding to 1446-01-29 |
| The Total amount distributed | SAR 237,498,443 |
| Number of Shares Eligible for Dividends | 1,098,661,439 |
| Dividend per share | 0.216 |
| Percentage of Dividend to the Share Par Value (%) | 21.6 |
| Eligibility date | After the approval of the General Assembly of such recommendation, the eligibility to dividends is for shareholders who own the shares by the end of the trading day of the assembly date, and who are registered in the Company's shareholders register held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the company’s general assembly, which will be announced later. |
| Distribution Date | Will be announced later |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The total number of Treasury shares not entitled to dividends 30,401,074 shares until this date. |
The Company would like to inform its Shareholders of the necessity of updating their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their cash dividends are deposited in their accounts with the banks on the distribution day after obtaining the General Assembly’s approval.
We would like to draw the attention of non-resident foreign investors to the fact that the cash distributions are transferred through the resident financial intermediary, and when transferred or credited in his account, are subject to a withholding tax of 5% in accordance with the provisions of Article (68) of the tax system and Article (63) of its implementing regulations.
For any inquiry, shareholders can contact ADES' Investor Relations Department via E-mail investor.relations@adesgroup.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.