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Aljazira Takaful Taawuni Company announces the board of directors' recommendation to distribute cash dividends for 2023
| Element List | Explanation |
|---|---|
| Introduction | Aljazira Takaful Board of Directors recommend the distribution of cash dividends to company shareholders for the fiscal year 2023 |
| Date of the board’s recommendation | 2024-05-22 Corresponding to 1445-11-14 |
| The Total amount distributed | 19,800,000 |
| Number of Shares Eligible for Dividends | 66,000,000 |
| Dividend per share | SR 0.30 (30 Halala) |
| Percentage of Dividend to the Share Par Value (%) | 3 % |
| Eligibility date | The eligibility of the dividends shall be for the shareholders who own the shares registered in the company’s shareholder register at the end of the second trading day after the date in which the Company’s General Assembly is convened, which will be announced later |
| Distribution Date | Distribution date will be announced later, once General Assembly approves dividends distribution recommendation |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | AJT has obtained no-objection from the Insurance Authority on distribute cash dividends to ‎shareholders for the fiscal year 2023 |
| Additional Information | We would like to draw the attention of the non-resident investors, which the cash dividend distribution which will be 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 Regulations Aljazira Takaful calls upon its Shareholders to update their information and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend are deposited in their accounts with the banks on the distribution day. |
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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