Saudi Electricity co. announces the distribution of cash dividend to Shareholders’ for the fiscal year 2019
Element List | Explanation |
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Introduction | The Board of Directors of Saudi Electricity co. (SEC), during its meeting held on 21/04/2020 Corresponding to 28/08/1441 HD , has recommended to the Shareholders’ General Assembly a payment of a cash dividend to shareholders for the fiscal year 2019. |
Board Resolution Date | 2020-04-21 Corresponding to 1441-08-28 |
Total Amount of Dividend Distributed | 749.3 million riyals |
Number of Shares Eligible for Dividends | 1,070,418,495 |
Dividend per share | 70 Halala |
Percentage of Dividend to the Share Par Value (%) | 7 % |
Eligibility date | The distributed dividends is eligible to the shareholders who are registered in the company’s share register in Securities Depository Center Co. (Edaa) at the end of the second trading day following the General Assembly Meeting convene day, which will be announced later. |
Distribution Date | The date of dividend distribution payment will be announced later |
Additional Information | The Annual General Meeting agenda its and its convene avenue will be announced later upon obtaining official authorities approvals.
SEC urges all its shareholders to update their information and make sure to link their bank account numbers to their investment portfolios. SEC also urges its shareholders who own shares as per shares certificates to deposit such certificates in their investment portfolio in order to ensure the receipt of their dividends. |
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