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Saudi Marketing Company (Farm Superstores) announces the distribution of cash dividend for the year 2022

4006
FARM SUPERSTORES
-3.67 %
1444/09/07     29/03/2023 16:39:03

Element ListExplanation
Introduction The Board of Directors of Saudi Marketing Company (Farm Superstores) announces the recommendation to distribute cash dividends to the shareholders for the year 2022
Date of the board’s decision 2023-03-29 Corresponding to 1444-09-07
The Total amount distributed SAR 22,500,000
Number of Shares Eligible for Dividends 45,000,000 shares
Dividend per share SAR 0.50
Percentage of Dividend to the Share Par Value (%) 5 %
Eligibility date The eligibility of dividends shall be for the shareholders who own the shares on the day of the general assembly meeting and registered in the Securities Depository Center on the closing of next trading day after the general assembly meeting, which will be announced later after obtaining the necessary approval from the relevant authorities
Distribution Date The distribution date will be announced later
Additional Information We would like to draw attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to their account) 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 company’s management would like to remind its respected shareholders of the need to update their bank information to ensure that cash dividends deposit directly into their accounts.

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 27.55
Net Change -1.05 (-3.67%)
Value Traded (Sar) 3,744,832.05
Volume Traded 134,315
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