Thob Al Aseel Co. announces the board of director’s decision to distribute cash dividends for 2023 Second half of fiscal year
| Element List | Explanation |
|---|---|
| Introduction | Thob Al Aseel Company announces the Board of Directors’ decision to distribute cash dividends to shareholders for the Second half of the fiscal year 2023. |
| Date of the board’s decision | 2024-02-20 Corresponding to 1445-08-10 |
| The Total amount distributed | SAR 40 million. |
| Number of Shares Eligible for Dividends | 400 Million Shares |
| Dividend per share | 0.10 SAR |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | The eligibility of dividends shall be for the Company shareholders who owns the shares by the end of trading day of Corresponding Wednesday 06/03/2024 and registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of entitlement. |
| Distribution Date | Dividends will be paid within 15 working days of the due date |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| 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. |
Comments