| Element List |
Explanation |
| Introduction |
Al Yamamah Steel Industries Company announces the resolution of the Board of Directors to distribute cash dividends to the company’s shareholders for the second half of the fiscal year ending September 30,2021. |
| Date of the board’s decision |
2022-05-12 Corresponding to 1443-10-11 |
| The Total amount distributed |
SAR 38,100,000. |
| Number of Shares Eligible for Dividends |
50,800,000 shares |
| Dividend per share |
SAR 0.75 |
| Percentage of Dividend to the Share Par Value (%) |
7.50 % |
| Eligibility date |
Thursday 16-06-2022. The eligibility is for shareholders who own the shares on the date of eligibility and who are registered in the company's shareholders’ register at Securities Depository Center Company (Edaa) by the end of second trading day following the eligibility date. |
| Distribution Date |
Wednesday 29-06-2022. |
| Additional Information |
The company calls upon its Shareholders to quickly update their data and IBANs and to ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend are deposited in their accounts with the banks on the distribution. We'd like to inform the foreign nonresident shareholders that the distributed cash dividends which will be transferred through the local financial broker are subject to 5% withholding tax at transfer or recording withholding tax in accordance with the provisions of Article (68) of the tax system and Article (63) of its implementing regulations. |
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