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. Accordingly, the Company emphasize to non-resident shareholders who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate this to the Company within 5 five calendar days from the eligibility date and to provide the Company with all documents supporting the tax exemption. The Arabian Drilling 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. For more information or inquiries, kindly contact the Investors Relation via email: IR@arabdrill.com |
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