| Element List | Explanation |
|---|---|
| Introduction | Najran Cement Company announces its Board of Director's recommendation on 13-08-1443H corresponding to 16-03-2022G to distribute cash dividends to its shareholders for the second half of 2021. |
| Date of the board’s decision | 2022-03-16 Corresponding to 1443-08-13 |
| The Total amount distributed | SAR 42,500,000 |
| Number of Shares Eligible for Dividends | 170,000,000 shares |
| Dividend per share | SAR 0.25 |
| Percentage of Dividend to the Share Par Value (%) | 2.50 % |
| Eligibility date | The eligibility of cash dividend will be to shareholders who own the company shares at the end of the day of the next General Assembly meeting who are register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the General Assembly meeting of the company. The date of the upcoming General Assembly Meeting will be announced later. |
| Distribution Date | Distribution date will be announced later. |
| Additional Information | The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day. |
We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
We would like also to draw the attention of the Company shareholders that they can inquire about their outstanding dividend not received for previous years through the company’s website using the following link:
http://najrancement.com/en/unclaimed-dividends/
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.