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Almunajem Foods Co. announces the distribution of cash dividend for Second Half of 2023
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almunajem Foods Co, has decided on 14-11-2023 corresponding to 30-4-1445H to distribute cash dividend to the shareholders for the Second Half of 2023 |
| Date of the board’s decision | 2023-11-14 Corresponding to 1445-04-30 |
| The Total amount distributed | (SR 120,000,000) One hundred twenty million Saudi Riyals |
| Number of Shares Eligible for Dividends | 60,000,000 shares |
| Dividend per share | SAR 2.0 per share |
| Percentage of Dividend to the Share Par Value (%) | 20 % |
| Eligibility date | The Eligibility date shall be at the end of trading day 21-11-2023 Corresponding to 7-5-1445H for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the eligibility date. |
| Distribution Date | We would like to inform the shareholders that the distribution will be through the Securities Depository Center (Edaa) Starting from Sunday 3-12-2023. |
| Additional Information | And We would like to draw the attention to the following regulation regarding the payment of dividend: “for non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the nonresident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.” Almunajem Foods Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends." |
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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