| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the company’s announcement on the Tadawul website dated 01-02-1446 AH corresponding to 05-08-2024 AD regarding the results of the Ordinary General Assembly meeting, which included approval to distribute cash dividends in the amount of (24,437,819) Saudi riyals to the company’s shareholders for the financial period (31-12-2023 AD) at a rate of (0.35) riyals per share and at a rate of (3.5%) of the nominal share value, provided that the eligibility is for shareholders who own shares at the end of trading on the day of the General Assembly meeting and are registered in the company’s shareholders’ register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, which was held on Sunday, 04-08-2024 AD. |
Accordingly, the company would like to announce to its esteemed shareholders that profits will be distributed by automatic deposit into the investment accounts linked to the shareholders’ portfolios at all banks, starting from Wednesday 10-02-1446 corresponding to 14-08-2024.
We also draw the attention of non-resident foreign investors to the fact that cash dividends transferred through a resident financial intermediary are subject, upon transfer or upon entry into his account, to a withholding tax of 5% in accordance with the provisions of Article (68) of the Tax System and Article (63) of its Executive Regulations.
The company calls upon its valued shareholders to update their data and ensure that bank account numbers are linked to investment portfolios to ensure that their profits are received without delay.
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.