The Board of Almarai Proposes to Pay a Cash Dividend for The Financial Year 2018
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almarai Company, during its meeting on 10th December 2018, has recommended to the General Shareholders Assembly a payment of dividend for the financial year 2018 |
| Board Resolution Date | 2018-12-10 Corresponding to 1440-04-03 |
| Total Amount of Dividend Distributed | SAR 850 Million |
| Number of eligible shares | 1.0 billion existing shares |
| Dividend per share | SAR 0.85 |
| Percentage of Dividend to the share book value | 8.50 % |
| Eligibility date | The distribution is limited to the shareholders who are registered in Tadawul at the end of the second trading day following the General Assembly Meeting. |
| Dividend distribution date | The date of cash dividend payment will be confirmed after getting the approval of the General Assembly |
| Additional Information | We would like to draw the attention to the following regulation regarding the payment of dividend: 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 Income Tax Law and Article (63) of the Implementing Regulations. Almarai urges its shareholders to update their data and make sure to link their bank account numbers to their investment portfolios to ensure the receipt of their dividends. |
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