| Element List |
Explanation |
| Introduction |
Eastern Province Cement Co. announces the Board of Director’s recommendation to distribute dividends to shareholders for the year 2020 |
| Date of the board’s decision |
2021-03-07 Corresponding to 1442-07-23 |
| The Total amount distributed |
215,000,000 SAR |
| Number of Shares Eligible for Dividends |
86,000,000 shares |
| Dividend per share |
2.50 SAR |
| Percentage of Dividend to the Share Par Value (%) |
25 % |
| Eligibility date |
The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later. |
| Distribution Date |
The date of dividend distribution will be announced later. |
| Additional Information |
The company urges its shareholders to update their data with the Securities Depository Center to ensure that the dividends are deposited in their accounts with banks on the date of distribution of profits. Meanwhile, the shareholders are also urged to deposit all certificates in their possession, if any, in their investment portfolios by handing these certificates to the Securities Depository Center Company. However, please take note that the dividends of non-resident foreign shareholders will be subject to a 5% withholding tax in accordance with the provisions of Article (68) of the tax law and Article (63) of its Implementing Regulations. |
Comments