IssuerAnnouncementDetailsV2Portlet
Power and Water Utility Company for Jubail and Yanbu announces the distribution of cash dividend for second half of 2022
Element List | Explanation |
---|---|
Introduction | Power and Water Utilities Company for Jubail and Yanbu (Marafiq) announces Board decision to distribute cash dividends to Shareholders for the second half of 2022. |
Date of the board’s decision | 2023-03-01 Corresponding to 1444-08-09 |
The Total amount distributed | 275,000,000 SAR |
Number of Shares Eligible for Dividends | 250,000,000 Shares |
Dividend per share | 1.1 SAR |
Percentage of Dividend to the Share Par Value (%) | 11 % |
Eligibility date | The eligibility of cash dividends will be to the Shareholders who own the Company shares on the Eligibility Date and as per the Company's registration at the Securities Depository Center Company (Edaa) by the end of the second trading day following the due date, which will be Wednesday 16 Sha’ban 1444H Corresponding to 8 March 2023. |
Distribution Date | On Thursday 1 Ramadan 1444H Corresponding to 23 March 2023 |
Additional Information | The Company urges its Shareholders to expediate the update of their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividends are deposited in their accounts on the distribution day. The Company would like to draw the attention of its non-resident shareholders that the dividends which will paid to them is subject to 5% withholding tax and this percentage shall be deducted in advance from their dividends according to the Income Tax ACT and its Executive Regulations. Accordingly, the Company emphasize to that the non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, has to communicate with the Company within five calendar days from the Eligibility Date and to provide the Company with the documents supporting such exemption. For more inquiries, please contact Investor Relations at: 1- Telephone No.: 0133409762 2- Mobile No.: 0500126031 3- Email: InvestorRelations@marafiq.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.