Baazeem Trading Co. announces the board of director’s decision to distribute cash dividends for The second half of the fiscal year 2023
| Element List | Explanation |
|---|---|
| Introduction | Baazeem Trading 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 | 2024-03-17 Corresponding to 1445-09-07 |
| The Total amount distributed | 11,137,500 SAR |
| Number of Shares Eligible for Dividends | 10,125,000 Shares |
| Dividend per share | 1.10 SAR Per Share |
| Percentage of Dividend to the Share Par Value (%) | 11 % |
| Eligibility date | The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later. |
| Distribution Date | Distribution date will be announced later after the approval of the General Assembly. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
| Additional Information | The distribution will be through direct transfer to bank accounts linked to the investment portfolios of the shareholders. The company calls upon all honorable shareholders to update their data with the banks with which their accounts are held, to ensure that their dividends are deposited directly in their accounts.
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. for any inquiries, you can contact Investor Relations Department through the Email address |
Comments