The Saudi Paper Manufacturing Company announces the recommendation of the company’s Board of Directors to distribute cash dividends to shareholders for the third quarter of the fiscal year 2023.
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Paper Manufacturing Company is pleased to announce the issuance of a decision by the company’s Board of Directors to submit a recommendation to the Extraordinary General Assembly to distribute cash dividends to shareholders for the third quarter of the fiscal year 2023. |
| Date of the board’s decision | 2023-11-29 Corresponding to 1445-05-15 |
| The Total amount distributed | SAR 16,850,000 |
| Number of Shares Eligible for Dividends | 33,700,000 |
| Dividend per share | 0.5 Saudi riyals per share |
| Percentage of Dividend to the Share Par Value (%) | 5 % |
| Eligibility date | For shareholders who own shares on the date of the General Assembly and who are registered in the company’s shareholder register at the Edaa Center at the end of the trading day following the date of the General Assembly, which will be announced later. |
| Distribution Date | The distribution date will be announced later |
| Additional Information | The company urges our respected shareholders to update their banking information to ensure the deposit of the cash dividends directly into their accounts.
In addition, we would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to a withholding tax of 5% according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations. We are pleased to receive your inquiries or comments by contacting our Investor Relations through the following the below details: Phone: 920003558-1042 Email: [email protected] |
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