Southern Province Cement Co. announces the board of director’s recommendation to distribute cash dividends for second half of the financial year 2023
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Southern province Cement Company recommended distribute cash dividends to company’s shareholders for the second half of the financial year 2023 as follows: |
| Date of the board’s recommendation | 2024-03-13 Corresponding to 1445-09-03 |
| The Total amount distributed | The total amount distributed is 91,000,000 SAR |
| Number of Shares Eligible for Dividends | Number of shares payable for dividends 140,000,000 shares |
| Dividend per share | Amount per share 0.65 riyal |
| Percentage of Dividend to the Share Par Value (%) | 6.5 % |
| Eligibility date | The eligibility of profits to the shareholders of the company who own the shares at the end of the day of the next general assembly and who are registered in the company's shareholders ’register at the Edaa Center at the end of the second trading day following the maturity date. The date of the general assembly will be announced later after obtaining approval from the relevant authorities. |
| Distribution Date | The distribution date will be announced later after the company’s General Assembly approves this recommendation |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | None |
| Additional Information | For non-resident investors, cash dividends that are transferred through the resident financial intermediary or when credited to his account are subject to a withholding tax of 5% in accordance with the provisions of Article (68) of the tax system and Article (63) of its implementing regulations.
The management of Southern province Cement Company hopes that its valued shareholders will update their data with the banks that hold their investment accounts to ensure receiving their due profits in a timely manner. |
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