| Element List | Explanation |
|---|---|
| Introduction | Gulf Insurance Group “GIG”announces that, further to the Tadawul announcement of Board of Directors recommendation on distribution of cash dividends to the shareholders for the 2022 fiscal year on 17/05/2023, and in line with the approval of the General Assembly Meeting of 18/06/2023, which results announced on 19/06/2023 |
| Date of the board’s decision | 2023-05-16 Corresponding to 1444-10-26 |
| The Total amount distributed | 25,000,000 SAR |
| Number of Shares Eligible for Dividends | 50,000,000 shares |
| Dividend per share | SAR 0.5 |
| Percentage of Dividend to the Share Par Value (%) | 5 % |
| Eligibility date | 5. The eligibility for the dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Edaa) two days after the date of the General Assembly Meeting. |
| Distribution Date | 04/07/2023 |
| Additional Information | The company calls upon its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks. |
The Company would also like to draw its shareholders' attention to the following regulation regarding the payment of dividends: For foreign 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 its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law.
If any Gulf Insurance Group “GIG” shareholder has any query relating to this dividend distribution, please contact the Shareholder Relations Department at 0112730476 or via email: Raud.Alsuwailem@gig.sa
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.