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Almasane Alkobra Mining Company (AMAK) announces the board of directors' decision to distribute cash dividend for the second half of the financial year 2023 AD.
| Element List | Explanation |
|---|---|
| Introduction | Almasane Alkobra Mining Company (AMAK) announces its Board of Director's decision on 22/06/1445 AH corresponding to 04/01/2024 AD to distribute cash dividends to its shareholders for the Second half of the financial year 2023. |
| Date of the board’s decision | 2024-01-04 Corresponding to 1445-06-22 |
| The Total amount distributed | 57,485,288.25 Fifty-seven million four hundred and eighty-five thousand two hundred and eighty-eight Saudi riyals and twenty-five halalas. |
| Number of Shares Eligible for Dividends | 88,438,905 Shares |
| Dividend per share | 0.65 Saudi Halals |
| Percentage of Dividend to the Share Par Value (%) | 6.5 % |
| Eligibility date | The eligibility of cash dividend shall be to shareholders who are enrolled in the Company’s shareholders register at Securities Depository Center Company (Edaa) by the end of the eligibility date Wednesday 28/06/1445 AH corresponding to 10/01/2024 AD (Eligibility date). |
| Distribution Date | Distribution date will be announced later. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | NA |
| Additional Information | The company requests all shareholders to quickly update their data and ensure that the investment portfolio account numbers are linked to the Securities Deposit Center in the correct manner by capital market brokers to ensure that their dividend is deposited in investment portfolios on the day of distribution and deposit all certificates in their possession, if held, in their investment portfolios by submitting it to the Securities Depository Center Company (Edaa). We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation. |
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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