Addendum Announcement from Herfy food service regarding the Date method and Mechanism for Dividends Distribution to Shareholders for First Half of 2019
| Element List | Explanation |
|---|---|
| Introduction | With reference to previous herfy food service announcement on the Tadawul website on 12 /9/2019 , that its Board of Directors had decided the distribution of a cash dividend to shareholders for the first half of 2019. This dividend to be at a rate of SR (1) per share. This represents (10%) of the shares Nominal value and the total amount of the dividend paid will amount to SR (64,680,000) |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2019-09-12 Corresponding to 1441-01-13 |
| Change on the Development | Herfy food service company is pleased to announce that Al-Rajhi Bank will start on Thursday, October 24, 2019 to distribute this dividend to shareholders by crediting such dividends to the eligible shareholders’ accounts linked to their investment portfolios.
For shareholders who are non-resident foreigner of the Kingdom, (5%) of the value of the dividends paid will be deducted as with-holding tax in accordance with the provisions of article 68 of the Zakat and Income Tax regulations. |
| Financial Impact on the change | N/A |
| Additional Information | For any further questions relating to this dividend distribution, please contact Al-Rajhi Bank at 8001228888 or visit the nearest bank branch |
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