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Power and Water Utility Company (Marafiq) for Jubail and Yanbu announces the board of director’s decision to distribute cash dividends for second half of 2023
| Element List | Explanation |
|---|---|
| Introduction | Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces Board decision to distribute cash dividends to Shareholders for the second half of 2023. |
| Date of the board’s decision | 2024-03-06 Corresponding to 1445-08-25 |
| 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 dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date, which will be on Sunday 7 Ramadan 1445H (According to the Umm Al-Qura Calendar) Corresponding to 17 March 2024. |
| Distribution Date | On Wednesday 17 Ramadan 1445H (According to the Umm Al-Qura Calendar) Corresponding to 27 March 2024. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | None |
| Additional Information | The company would like to draw the attention of non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts. Accordingly, the company emphasize to non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the company within 5 five calendar days from the eligibility date and to provide the company with documents supporting tax exemption. The company also notes that the shareholders who own portfolios that are linked to their bank accounts, payment will be transferred to their accounts directly, and the shareholders who have investment portfolios linked to their bank accounts that do not accept transfers, they must visit one of the Banque Saudi Fransi branches with identification to receive their dividends from the bank directly. The company calls upon its shareholders to quickly update 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 with the banks on the distribution day. 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.
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Company Performance
Key Parameters
Last Price 62.7
Net Change -0.8 (-1.26%)
Value Traded (Sar) 24,401,771.6
Volume Traded 387,543
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