Baazeem Trading Co. announces the distribution of cash dividend for first half of 2022
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Baazeem Trading Company decided, in its meeting held on Tuesday 09-08-2022, to distribute interim cash dividends to shareholders for the first half of 2022 |
| Date of the board’s decision | 2022-08-09 Corresponding to 1444-01-11 |
| The Total amount distributed | 7,087,500 SAR |
| Number of Shares Eligible for Dividends | 10,125,000 Shares |
| Dividend per share | 0.70 SAR Per Share |
| Percentage of Dividend to the Share Par Value (%) | 7 % |
| Eligibility date | The eligibility for dividends shall be for the shareholders who own the shares on Tuesday 16-08-2022 and who registered with the Securities Depository Centre Company at the end of the second trading day following the date of eligibility |
| Distribution Date | The distribution date will be announced later |
| Additional Information | The Company urges its stakeholders to update their data and to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends without delay
We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law, and article (63) of its implementing regulation. |
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