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Yamama Cement Co. announces the Board of Directors' recommendation to distribute cash dividends to the shareholders for the year 2023
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Yamama Cement Company recommended to the General Assembly, in its meeting on February 12, 2024, the distribution of cash dividends for the fiscal year 2023 as follows: |
| Date of the board’s recommendation | 2024-02-12 Corresponding to 1445-08-02 |
| The Total amount distributed | SAR 202,500 thousand |
| Number of Shares Eligible for Dividends | 202,500 thousand Share |
| Dividend per share | SAR 1.00 |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | Dividends will be paid to the shareholders who are registered in Tadawul at the end of the second trading day following the General Assembly Meeting. Date of the General Assembly Meeting will be fixed after obtaining the approval from the related government agencies. |
| Distribution Date | The dividend payment date will be determined after the company's general assembly approves this recommendation. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | None |
| Additional Information | For non-resident investors, cash dividends that are transferred through the 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 system and Article (63) of its implementing regulations. The management of Yamama Cement Company hopes that its valued shareholders will update their data with the banks that hold their investment accounts to ensure receiving their due profits in a timely manner. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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