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Bupa Arabia for Cooperative Insurance Co. announces the board of director’s recommendation to distribute cash dividends for 2023
8210
BUPA ARABIA
1.75
%
1445/11/20 28/05/2024 15:50:42
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Bupa Arabia for Cooperative Insurance Company has recommended, on 28/05/2024G, the distribution of dividends to the shareholders for the 2023 fiscal year. |
| Date of the board’s recommendation | 2024-05-28 Corresponding to 1445-11-20 |
| The Total amount distributed | 600,000,000 SAR |
| Number of Shares Eligible for Dividends | 150,000,000 Shares |
| Dividend per share | 4 SAR |
| Percentage of Dividend to the Share Par Value (%) | 40 % |
| Eligibility date | The eligibility of dividends shall be for the shareholders who own shares at the end of the day of the General Assembly meeting and who are registered in the shareholder's Register of the Company in the Securities Depository Center (Edaa) at the close of the second trading day after the date of the General Assembly (GA) meeting, in which the dividends are approved. The company will announce for the GA later, after obtaining the necessary approvals from the relevant authorities. |
| Distribution Date | The dividend distribution date will be confirmed after the approval of the General Assembly which the company will be announcing for later after obtaining all the approvals from the relevant authorities. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | A no-objection from the Insurance Authority was obtained on the Board of Directors’ recommendation to distribute cash dividends to ‎shareholders for the 2023 fiscal year. |
| Additional Information | The Company would also like to draw its shareholders' attention to the following regulation regarding the payment of dividends: For foreign non-resident investors the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law. For any inquiry, shareholders may contact Bupa Arabia's Governance Department via e-mail (invest@bupa.com.sa) |
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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Last Price 174.0
Net Change 3.0 (+1.75%)
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