Almunajem Foods Co. announces the board of director’s decision to distribute cash dividends for First half of the fiscal year 2024
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almunajem Foods Co, has decided on 28-05-2024 corresponding to 20-11-1445H to distribute cash dividend to the shareholders for the first half of 2024 |
| Date of the board’s decision | 2024-05-28 Corresponding to 1445-11-20 |
| The Total amount distributed | (SAR 75,000,000)
Seventy-five million Saudi Riyals |
| Number of Shares Eligible for Dividends | 60,000,000 shares |
| Dividend per share | SAR 1.25 per share |
| Percentage of Dividend to the Share Par Value (%) | 12.5 % |
| Eligibility date | The Eligibility date shall be at the end of trading day Wednesday 12-6-2024 Corresponding to 6-12-1445H for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the eligibility date. |
| Distribution Date | We would like to inform the shareholders that the distribution will be through the Securities Depository Center (Edaa) Starting from Wednesday 26-6-2024 corresponding to 20/12/1445H |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | And We would like to draw the attention to the following regarding the payment of dividend:
“for non-resident investors the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the nonresident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Executive Regulations.”
Almunajem Foods 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." |
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