Al Khaleej Training and Education Company announces the distribution of cash dividends to shareholders for the fiscal year 2020 AD
| Element List | Explanation |
|---|---|
| Introduction | Al khaleej Training and Education Company announces the recommendation of the Board of Directors to the next General Assembly to distribute cash dividends to shareholders for the fiscal year 2020. |
| Date of the board’s decision | 2021-03-30 Corresponding to 1442-08-17 |
| The Total amount distributed | 11.250.000 riyals |
| Number of Shares Eligible for Dividends | 45.000.000 |
| Dividend per share | (0.25) quarter riyals |
| Percentage of Dividend to the Share Par Value (%) | 2.5 % |
| Eligibility date | The right of profits to the shareholders of the company who own the shares on the day of the General Assembly (the day of entitlement) and who are registered in the company’s shareholders ’register with the Securities Depository Center (Edaa center) at the end of the second trading day following the date of the general assembly that will be announced later after taking the necessary approvals from the designated authorities. |
| Distribution Date | The distribution date will be announced later. |
| Additional Information | We hope our valued shareholders to quickly update their information and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited directly into their accounts with banks
We would also like to draw the attention of the non-resident foreign investors to the fact that cash dividends that are transferred through the resident financial intermediary will, upon transfer or registration in his bank account, be subject to withholding tax at a rate of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63). From its executive regulations. |
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