Aqaseem Factory for Chemicals and Plastics Co. announces the board of director’s recommendation to distribute cash dividends for Year 2023
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Aqaseem Factory for Chemicals and Plastics Co. is pleased to announce the Board of Directors’ recommendation to distribute cash dividends to the company’s shareholders for the fiscal year 2023. |
| Date of the board’s recommendation | 2024-06-05 Corresponding to 1445-11-28 |
| The Total amount distributed | 5,000,000 Saudi Riyals |
| Number of Shares Eligible for Dividends | 2,500,000 |
| Dividend per share | 2 |
| Percentage of Dividend to the Share Par Value (%) | 20 |
| Eligibility date | Dividends are due to the company’s shareholders who own shares at the end of the day of the company’s general assembly and who are registered in the company’s records with the Securities Depository Centre Company at the end of the second trading day following the date of the assembly. The date of the assembly will be announced at a later date after obtaining the necessary regulatory approvals. |
| Distribution Date | It will be determined later after the assembly approves this recommendation, as the company intends to call for the assembly after obtaining the necessary regulatory approvals. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | NA |
| Additional Information | The company would like to inform its valued shareholders of the necessity of updating their data and ensuring that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited into their bank accounts on the distribution day and after obtaining the approval of the General Assembly.
For non-resident investors, cash distributions transferred through a resident financial intermediary or when credited to his account are subject to a withholding tax of 5% in accordance with the provisions of Article (68) of the Tax Law and Article (63) of its Executive Regulations.
For inquiries, please contact the Investor Relations Department Mobile: 0546043886 Email: [email protected] |
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