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ACADEMY OF LEARNING COMPANY ANNOUNCES THE DIVIDEND DISTRIBUTION METHOD FOR THE SECOND HALF OF 2022 AD
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to Academy of Learning Company announcement on 27 / 12 /2022 regarding the Board of Directors' recommendation to distribute the cash dividend for the second half of 2022 AD, Academy of Learning Company is pleased to inform its Shareholders that the dividend distribution of the second half of 2022 AD will commence on Sunday 16 / 04 / 2023, at ( 2 ) SR dividend per share in accordance with the decision of the General Assembly held on 05 / 04 /2023. The eligibility is for the shareholders who own the shares at the end of trading day of the General Assembly meeting and those registered in the company’s shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date. Academy of Learning Company would like to inform its Shareholders that the distribution will be through direct transfer to the bank accounts linked to the shareholders’ investment portfolios via Securities Depository Center Company. 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 company calls upon its shareholders to update their data with the banks that hold their accounts to ensure that their due dividends are deposited directly with no delay. In case of any inquiries, please contact the Investors Relations: Email: investor.relations@aol.edu.sa Phone: 0138350522 |
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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