National Gas and Industrialization Co. announces the board of director’s decision to distribute cash dividends for the first half of the fiscal year 2024.
| Element List | Explanation |
|---|---|
| Introduction | National Gas and Industrialization Company announces the Board of Directors’ decision to distribute cash dividends to shareholders for the first half of the fiscal year 2024. |
| Date of the board’s decision | 2024-06-03 Corresponding to 1445-11-26 |
| The Total amount distributed | 82,500,000 SAR |
| Number of Shares Eligible for Dividends | 75,000,000 Shares |
| Dividend per share | 1.1 SAR |
| Percentage of Dividend to the Share Par Value (%) | 11 |
| Eligibility date | 2024-07-08 Corresponding to 1446-01-02 |
| Distribution Date | 2024-07-22 Corresponding to 1446-01-16 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | do not apply |
| Additional Information | The eligibility date is Monday, Muharram 2, 1446 AH (according to the Umm Al-Qura calendar), corresponding to July 8, 2024 AD, provided that eligibility is for shareholders who own shares on the maturity date and are registered in the company’s shareholder register at the deposit center at the end of the second trading day following the maturity date.
The company calls on its valued shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited in their bank accounts on the distribution day. The company would also like to draw the attention of non-resident investors in the Kingdom to the fact that the profits that the company will pay to them will be subject to a withholding tax of 5% upon transferring those profits or depositing them in their bank accounts, in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of Its executive regulations. Accordingly, the company emphasizes that non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority should contact the company within 5 calendar days from the due date and provide the company with documents supporting the tax exemption. For further inquiries, you can contact the Investor Relations Department via: Number: 0533669305 Email: [email protected] |
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