Foods Gate Trading Co. announces the board of director’s recommendation to distribute cash dividends for the fiscal year 2023
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Foods Gate trading Co. in its meeting held on 27/03/2024G corresponding 17/09/1445H has recommended the distribution of dividend to the shareholders for the year 2023G |
| Date of the board’s recommendation | 2024-03-27 Corresponding to 1445-09-17 |
| The Total amount distributed | 2,100,000 |
| Number of Shares Eligible for Dividends | 2,100,000 |
| Dividend per share | 1 |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | The eligibility of the dividends for the Company's shareholders who own shares at the end of the day in which the Company's General Assembly is convened and who are registered in the Company's records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date. |
| Distribution Date | Will be announced at a later date |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | 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.
Cash Distribution will be through direct bank transfer to bank accounts linked to shareholders’ portfolios. The company reminds its shareholders to update their data with banks to ensure that future distribution will be deposited directly.
If you have any inquiries, please contact the Investor Relations
Phone number: 0112633331 , Ext :108
Email:
investors@foodsgate.sa |
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