| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Electricity Company (SEC), in its meeting held on 12/08/1443H (15/03/2022), has recommended the General Assembly of Shareholders to pay cash dividends to the shareholders for the fiscal year 2021. |
| Date of the board’s decision | 2022-03-15 Corresponding to 1443-08-12 |
| The Total amount distributed | 2,916,615,671 |
| Number of Shares Eligible for Dividends | 4,166,593,815 |
| Dividend per share | 0.70 SAR |
| Percentage of Dividend to the Share Par Value (%) | 7 % |
| Eligibility date | The eligibility of dividends distribution will be for shareholders of the Company who own shares at the end of the trading session of the General Assembly Meeting day, and are registered in the Company’s Shareholders Register maintained at the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. |
| Distribution Date | The date of dividend distribution payment will be announced later. |
| Additional Information | The Annual General Assembly Meeting agenda and its convene avenue will be announced later upon obtaining approvals of official authorities. |
SEC urges all its shareholders to update their information and make sure to link their bank account numbers to their investment portfolios. In addition, SEC urges its valued shareholders who own share certificates to promptly deposit such certificates in their investment portfolios to ensure their dividends are directly credited into their accounts.
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.