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Abdullah Al Othaim Markets Co. announces the distribution of cash dividend for Second Half of the year 2023G
| Element List | Explanation |
|---|---|
| Introduction | Abdullah Al-Othaim Markets Company “the Company” announces the approval of its Board of Directors on the distribution of interim cash dividends to its shareholders for the second half of the year 2023G. |
| Date of the board’s decision | 2024-02-06 Corresponding to 1445-07-25 |
| The Total amount distributed | SR 270,000,000 |
| Number of Shares Eligible for Dividends | 900,000,000 |
| Dividend per share | SR 0.30 |
| Percentage of Dividend to the Share Par Value (%) | 30 % |
| Eligibility date | The eligibility of dividends shall be for the Company’s shareholders who owns the shares and registered in the shareholders register by the end of trading day of Tuesday 20/02/2024G |
| Distribution Date | 07/03/2024G |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
| Additional Information | We would also like to mention that the dividend distribution policy approved by the Company’s Board of Director on 01/16/2024G will be applies to dividend distributions quarterly for financial periods as of the first quarter of the year 2024G Also, we would like to draw the attention of the following: 1) Cash dividends to non-resident investors 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 bylaws. 2) Non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, must communicate with the Investors Relations Department, through E-mail, within (3) days from the eligibility date to provide the supporting documents of tax exemption. 3) The dividends will be transferred to the investment accounts through the custodial members. To ensure that the dividends are deposited in the investment accounts without delay, we urge the shareholders’ to ensure that their data are updated with the custodial members. In case of any enquiry, please contact the Investors Relations Department of the company at: ir@othaimmarkets.com |
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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Last Price 8.03
Net Change -0.09 (-1.11%)
Value Traded (Sar) 26,050,504.75
Volume Traded 3,204,359
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