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Saudi Networkers Services Co. announces the board of director’s recommendation to distribute cash dividends for second Half of year 2023
| Element List | Explanation |
|---|---|
| Introduction | Saudi Networkers Services Company announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends to shareholders for second half of year 2023. |
| Date of the board’s recommendation | 2024-03-24 Corresponding to 1445-09-14 |
| The Total amount distributed | SAR 14,100,000 |
| Number of Shares Eligible for Dividends | 6,000,000 shares |
| Dividend per share | SAR 2.35 |
| Percentage of Dividend to the Share Par Value (%) | 23.50 % |
| Eligibility date | The eligibility for dividends will be for the shareholders owning the shares at the end of the second trading day following the day of the company’s annual general assembly, which will be announced later. |
| Distribution Date | The distribution date will be announced later after the General Assembly approves the Board of Directors’ recommendation. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | 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 non-resident investor or credit to their account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.” Saudi Networkers Services Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure 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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Company Performance
Key Parameters
Last Price 70.5
Net Change 1.7 (+2.47%)
Value Traded (Sar) 45,932.1
Volume Traded 652
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