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Etihad Atheeb Telecommunication Co. (GO) announces the board of directors’ recommendation to distribute cash dividends for the year ended on 31-03-2024
| Element List | Explanation |
|---|---|
| Introduction | Etihad Atheeb Telecommunication Co. (GO) announces that the Board of Directors issued a by-pass decision on 02-12-1445 H, corresponding to 08-06-2024, recommended to the General Assembly the distribution of cash dividends to shareholders for the year ended 31-03-2024 |
| Date of the board’s recommendation | 2024-06-08 Corresponding to 1445-12-02 |
| The Total amount distributed | 10,199,970 Saudi Riyals |
| Number of Shares Eligible for Dividends | 33,999,900 |
| Dividend per share | 0.3 |
| Percentage of Dividend to the Share Par Value (%) | 3 |
| Eligibility date | The eligibility of cash dividends will be to the shareholders who own the Company’s shares on the eligibility date and are registered in the Company's register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the Company’s General Assembly meeting, which will be announced at a later stage. |
| Distribution Date | It will be announced 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 | The company would like to draw the attention of foreign shareholders who are not residents of the Kingdom to the fact that the cash distributions that will be transferred through the resident financial broker are subject when transferred or recorded, to a withholding tax of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations. The company also calls on its valued shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios so that their profits are deposited in their accounts with banks on the day of distribution. In the event of any inquiries, we hope to contact the Investor Relations Department during official working hours: Tel: 0115111100 Mobile No: 0547478233 Fax No: 0181467100 E-Mail: IR@go.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.
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