| Element List | Explanation |
|---|---|
| Introduction | AlSaif Stores for Development and Investment Co announces the Board of Directors' approval of the distribution of interim cash dividends to the shareholders for the third quarter of 2022G. |
| Date of the board’s decision | 2022-12-21 Corresponding to 1444-05-27 |
| The Total amount distributed | 35,000,000 |
| Number of Shares Eligible for Dividends | 35,000,000 |
| Dividend per share | 1.00 Riyals |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | The eligibility of the dividends shall be for the Company’s shareholders owning shares by the end of trading day of Thursday 29/12/2022G and registered with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the date of entitlement. |
| Distribution Date | 12/01/2023 |
| Additional Information | We would like to draw the shareholders' attention to the following regulation regarding the payment of dividends: |
“for non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to the account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.”
The Company urges the shareholders to update their investment portfolio bank account data to ensure the timely receipt of their 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.