Taiba Investment Company announces the Board of Directors recommendation to distribute cash dividends to shareholders for the fiscal year 2023
| Element List | Explanation |
|---|---|
| Introduction | the Board of Directors of Taiba Investment Company In its meeting held on 16-09-1445 H, corresponding to 26-03-2024 recommended to the General Assembly the distribution of cash dividends to shareholders for the fiscal year 2023 |
| Date of the board’s recommendation | 2024-03-26 Corresponding to 1445-09-16 |
| The Total amount distributed | 169,297,363.95 One hundred and sixty-nine million two hundred and ninety-seven thousand three hundred and sixty-three riyals and ninety-five halalas |
| Number of Shares Eligible for Dividends | 260,457,483 |
| Dividend per share | 0.65 |
| Percentage of Dividend to the Share Par Value (%) | 6.5 % |
| Eligibility date | The eligibility of cash dividends will be to the shareholders who own the Company’s shares on the eligibility date and are registered in the Company's register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the Company’s General Assembly meeting, which will be announced at a later stage. |
| Distribution Date | It will be announced later after the General Assembly approves the Board of Directors’ recommendation. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The company would like to draw the attention of foreign shareholders who are not residents of the Kingdom to the fact that the cash distributions that will be transferred through the resident financial broker are subject, when transferred or recorded, to a withholding tax of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.
The company also calls on its valued shareholders to quickly update their data and to ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited in their accounts with banks on the day of distribution, and the necessity of depositing all the certificates in their possession - if any - in their investment portfolios by handing them over to a financial brokerage company or The Securities Depository Center company (Depository Center) at the following address: Riyadh - King Fahd Road - Tawuniya Towers
Or send it by mail to the Depository Center at the following address: King Fahd Road - Olaya 6897 Unit No.: 11 Riyadh 12211 - 3388
For inquiries, please contact:
Investor Relations – Taiba Investment Company
Tel: 0148377777 Ext ( 1 ) Tel: 0114816666 Ext ( 263 ) E-mail ir@taiba.com.sa |
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