View United Real Estate Development Company announces the recommendation of the Board of Directors to distribute cash dividends to shareholders for the fiscal year 2023
| Element List | Explanation |
|---|---|
| Introduction | View United Real Estate Development Company announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the fiscal year 2023 |
| Date of the board’s recommendation | 2024-04-24 Corresponding to 1445-10-15 |
| The Total amount distributed | 9,900,000 SAR |
| Number of Shares Eligible for Dividends | 3300000 |
| Dividend per share | 3 SAR |
| Percentage of Dividend to the Share Par Value (%) | 30 % |
| Eligibility date | The eligibility for dividends will be for shareholders who own shares at the end of trading on the day of the company's general assembly and who are registered in the company's records with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the company's annual general assembly, which will be announced later. |
| Distribution Date | To be announced later |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | There isn't any |
| Additional Information | We would like to draw the attention of non-resident foreign investors to the fact that cash distributions that are transferred through the resident financial intermediary, and are subject to withholding tax at a rate of 5% when transferred or credited to his account, are subject to withholding tax at a rate of 5% in accordance with the provisions of Article (68) of the Tax Law and Article (63) of its Executive Regulations.
The distribution will be through direct transfer to bank accounts linked to shareholders' investment portfolios. The company calls on all shareholders to update their data with the banks in which their accounts are held to ensure that their future dividends are deposited directly into their accounts.
In case of any questions, please contact Investor Relations Email: [email protected] |
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