| Announcement Detail |
Reference to the announcement of Aldrees Petroleum Services and Transport Company (ALDREES), on 17 January 2019 and 19 March 2019, on the recommendation and the approval of the distribution of cash dividends for the year 2018, Aldrees Petroleum Services and Transport Company (ALDREES) announces to the shareholders of the company that the dividends distribution for the Financial Year 2018 , will be on Tuesday 02 April 2019 of which (1) SAR per share according to the approval of the Extraordinary General Assembly No 8 held on 18/03/2019. The entitlement of profits to the shareholders of the Company registered in the Company’s records with the Securities Depository Center (The Deposit Center) will be at the end of the date of the Extraordinary General Assembly meeting held on 18/03/2019. The Company has agreed with Riyadh Bank to deposit the profits of the Company's shareholders directly to their current accounts relating to their investment portfolios, which are deposited with ALDREES in any of the local banks. Any shareholder of the Company in the event of failing to deposit in the deposit process, can coordinate with any branch of Riyadh Bank or can contact the banks telephone nos. 8001222444 , 920001816 , or communicate with the shareholders' relations of the company on e-mail : [email protected] , and we would like to draw the attention of non-resident foreign investors that the cash dividends transferred by the financial intermediary are subject to a deduction tax at the rate of 5% in accordance with the provisions of Article (68) of the Taxation Law and Article (63) Implementation |
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