Tam Development Co. announces the board of director’s recommendation to distribute cash dividends for the fiscal year ending on 12/31/2023
| Element List | Explanation |
|---|---|
| Introduction | Tam Development Co. announces the board of director’s recommendation to distribute cash dividends for the fiscal year ending on 12/31/2023 |
| Date of the board’s recommendation | 2024-03-27 Corresponding to 1445-09-17 |
| The Total amount distributed | 4051620 Saudi riyals |
| Number of Shares Eligible for Dividends | 3.294.000 |
| Dividend per share | 1.23 SAR Per Share |
| Percentage of Dividend to the Share Par Value (%) | 12.3 % |
| Eligibility date | Dividends will be paid to the company's shareholders registered with the Securities Depository Center Company "EDAA" at the end of the second trading day following the date of the company's general assembly.
The date of the company's general assembly meeting will be determined after obtaining regulatory approvals from the relevant government agencies |
| Distribution Date | The dividend payment date will be determined after the company’s General Assembly approves this recommendation, within a period not exceeding (15) working days from the due date of these dividends specified in the General Assembly’s resolution. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | We kindly request all shareholders to update their bank details to ensure that the cash dividends due are deposited directly into their accounts.
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 Tam Development Company’s shareholder has any query relating to this dividend distribution, please contact the Shareholder Relations Department via email: [email protected] |
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