Thob Al Aseel Company Announcement on the Board of Directors' Decision to Distribute Cash Dividends to Shareholders for the Second Half of the Fiscal Year 2024
| Element List | Explanation |
|---|---|
| Introduction | Thob Al Aseel Company Announces the Board of Directors' Decision to Distribute Cash Dividends to Shareholders for the Second Half of the Fiscal Year 2024 |
| Date of the board’s decision | 2025-02-27 Corresponding to 1446-08-28 |
| The Total amount distributed | 40 million riyals |
| Number of Shares Eligible for Dividends | 400 Million Shares |
| Dividend per share | 0.1 |
| Percentage of Dividend to the Share Par Value (%) | 10 |
| Eligibility date | 2025-03-03 Corresponding to 1446-09-03 |
| Distribution Date | The distributions will be paid within 15 business days from the eligibility date. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information | The entitlement to dividends applies to the company’s shareholders who own shares at the end of trading on Monday, 03/03/2025, and are registered in the shareholders' register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the entitlement date.
The company urges all valued shareholders to update their information and ensure that their bank account numbers are linked to their investment portfolios to ensure the timely deposit of their dividends. We would also like to draw the attention of non-resident foreign investors to the fact that cash distributions transferred through the resident financial intermediary are subject to a withholding tax of 5% upon transfer or upon being credited to their account, in accordance with the provisions of Article (68) of the Tax Law and Article (63) of its Executive Regulations. |
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