| Element List | Explanation |
|---|---|
| Introduction | Al Majed Oud Company is pleased to announce the Board of Directors recommendation to the General Assembly in its meeting held on March 5, 2025, to distribute cash dividends for the fiscal year 2024 as follows: |
| Date of the board’s recommendation | 2025-03-05 Corresponding to 1446-09-05 |
| The Total amount distributed | 100 million Riyals |
| Number of Shares Eligible for Dividends | 25 million shares |
| Dividend per share | 4.00 Riyals per share |
| Percentage of Dividend to the Share Par Value (%) | 40 |
| Eligibility date | The entitlement date for dividends will be for the company's shareholders registered with the Depository Center at the end of the second trading day following the General Assembly meeting. The date for the General Assembly meeting will be determined after obtaining the necessary regulatory approvals from the relevant government authorities. |
| Distribution Date | The dividend payment date will be determined after the General Assembly's approval of this recommendation. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | In accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations, non-residents are subject to tax on any amount they receive from any source in the Kingdom. Therefore, the company would like to draw the attention of non-resident foreign investors that cash dividends transferred by the resident financial intermediary are subject to a withholding tax of 5%. The company kindly requests non-resident foreign shareholders who have tax exemptions on dividend distributions from the Zakat, Tax, and Customs Authority to contact the company within five (5) calendar days from the entitlement date and provide the company with supporting documents for the tax exemption. |
The company urges its valued shareholders to ensure their bank details are up to date to ensure direct deposit of cash dividends into their accounts.
For further inquiries, please contact the Investor Relations Department at: ir@almajed4oud.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.