Arriyadh Development Co. announces the distribution of cash dividend for First half of 2021
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Riyadh Development Company, in its meeting held on Tuesday 03 Dhul-Hijjah 1442 AH corresponding to July 13, 2021 AD, decided to distribute cash dividends to the company’s shareholders for the first half of 2021 AD. |
| Date of the board’s decision | 2021-07-13 Corresponding to 1442-12-03 |
| The Total amount distributed | 177,177,177 SR |
| Number of Shares Eligible for Dividends | 177,777,777 shares |
| Dividend per share | 1 riyal |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | The eligibility for profits is for the company’s shareholders who own shares on the due date 09/09/2021 and are registered in the company’s shareholders’ register with the Securities Depository Center Company at the end of the second trading day following the due date. |
| Distribution Date | 30/09/2021 |
| Additional Information | The Company also would like to remind the shareholders to update their bank account information in order to ensure depositing the dividend to their accounts directly
We would also like to draw the attention of non-resident foreign investors to the fact that cash dividends transferred through the resident financial intermediary are subject when transferred or credited to his bank account to a 5% withholding tax in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its executive regulations. The company calls on its valued shareholders who have not received their profits for the past years to review Al Rajhi Bank and the Arab National Bank, bringing with them what proves their eligibility to those profits. As for the certificate owners, we hope that they open an investment portfolio with a bank and deposit their certificates through the Securities Depository Center Company so that they can receive their profits . For inquiries, please call the toll-free number (8001160014 or 0114110333, ext. 456-1103 .). |
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