| Element List | Explanation |
|---|---|
| Introduction | Thob Al-Aseel Company announces the decision of the Board of Directors to distribute cash dividends to shareholders for the first half of the fiscal year 2023 AD.. |
| Date of the board’s decision | 2023-07-19 Corresponding to 1445-01-01 |
| The Total amount distributed | SAR 35 million. |
| Number of Shares Eligible for Dividends | 400 million Shares |
| Dividend per share | SAR 0.0875 |
| Percentage of Dividend to the Share Par Value (%) | 8.75 % |
| Eligibility date | The eligibility of dividends shall be for the Company shareholders who owns the shares by the end of trading day of Monday24/07/2023 and registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of entitlement. |
| Distribution Date | Dividends will be paid within 15 working days of the due date |
| Additional Information | The share share was calculated by dividing the total amount distributed by the number of shares of 400 million shares, after the approval of the Extraordinary General Assembly held on June 20, 2023 AD, to divide the nominal value of the share from 10 Saudi riyals to 1 Saudi riyal per share, so that the number of shares of the company after the split becomes 400 million shares instead of 40 million shares |
The Company urges its stakeholders to update their data and to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends without delay.
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 (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law, and article (63) of its implementing regulation.
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.