Arabian Drilling announces the Board of Directors recommendation for the distribution of cash dividend to shareholders for the first half of the year 2023
| Element List | Explanation |
|---|---|
| Introduction | Arabian Drilling announces the Board of Directors recommendation for the distribution of cash dividend to shareholders for the first half of the year 2023 |
| Date of the board’s decision | 2023-08-01 Corresponding to 1445-01-14 |
| The Total amount distributed | 225,170,000 |
| Number of Shares Eligible for Dividends | 89,000,000 |
| Dividend per share | 2.53 |
| Percentage of Dividend to the Share Par Value (%) | 25.3 % |
| Eligibility date | The eligibility of dividend shall be at the end of the trading day on the day of the General Assembly Meeting (to be announced later) for the Shareholders registered at the Securities Depository Center (Edaa) by the end of the second trading day following the Shareholders Assembly Meeting date. |
| Distribution Date | The distribution date will be determined after the Shareholders Assembly Meeting |
| Additional Information | Nonresident foreign investors should note that cash dividend that are transferred through resident financial intermediary are subject to Withholding Tax when transferred or deposited at a rate of 5% as stipulated in the provision of Clause (68) of the Income Tax Law and Clause (63) of the Implementing Regulation.
The Company wishes to direct to remind its valuable Shareholders to update their information with the Banks in which they have their Banks accounts, to ensure that the future dividends are deposited directly to their Banks account. |
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