Saudi Networkers Services Co. announces the distribution of cash dividend for Second Half of 2022
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Networkers Services Company, during its meeting on 26th March 2023, has recommended to the General Assembly a payment of dividend for the second half of 2022 as follows: |
| Date of the board’s decision | 2023-03-26 Corresponding to 1444-09-04 |
| The Total amount distributed | SAR 14,100,000 |
| Number of Shares Eligible for Dividends | 6,000,000 Shares |
| Dividend per share | SAR 2.35 Per Share |
| Percentage of Dividend to the Share Par Value (%) | 23.5 % |
| Eligibility date | Dividends will be paid to the shareholders whom are registered on Tadawul at the end of the second trading day following the General Assembly Meeting.
Date of the General Assembly Meeting will be determined after obtaining the statutory approvals from the relevant government agencies. |
| Distribution Date | The dividend payment date will be determined after the company's general assembly approval. |
| Additional Information | We would like to draw the attention to the following regulation regarding the payment of dividend:
“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 its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.”
Saudi Networkers Services Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends. |
Comments