The Company for Cooperative Insurance announces the distribution of cash dividends to shareholders for the Fiscal year 2023

-6.41 %
1445/10/05     14/04/2024 08:15:52

Element ListExplanation
Introduction Tawuniya Board of Directors recommend the distribution of cash dividends to company shareholders for the fiscal year 2023
Date of the board’s recommendation 2024-04-08 Corresponding to 1445-09-29
The Total amount distributed 150,000,000
Number of Shares Eligible for Dividends 150,000,000
Dividend per share 1 SAR
Percentage of Dividend to the Share Par Value (%) 10 %
Eligibility date The eligibility of the dividends shall be for the shareholders who own the shares registered in the company’s shareholder register at the end of the second trading day after the date in which the Company’s General Assembly is convened, which will be announced later
Distribution Date Distribution date will be announced later, once General Assembly approves dividends distribution recommendation
The name of other official authorities and the details of their non-refusal to the recommendation or decision Tawuniya has obtained no-objection from the Insurance Authority on distribute cash dividends to ‎shareholders for the fiscal year 2023
Additional Information We would like to draw the attention of the non-resident investors, which the cash dividend distribution which will be transferred by the resident financial broker is subject to withholding tax of (5%), in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations

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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Key Parameters
Last Price 131.4
Net Change -9.0 (-6.41%)
Value Traded (Sar) 205,537,262.4
Volume Traded 1,552,767
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