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Almunajem Foods Co. announces the distribution of cash dividend for For the first half of 2022
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almunajem Foods Co, has decided on 18-12-1443H Corresponding to 17-07-2022 to distribute cash dividends to the shareholders for the first half of 2022 as follows: |
| Date of the board’s decision | 2022-07-17 Corresponding to 1443-12-18 |
| The Total amount distributed | (75,000,000 SR) Seventy five million Saudi riyals |
| Number of Shares Eligible for Dividends | 60,000,000 Share |
| Dividend per share | 1,25 SR |
| Percentage of Dividend to the Share Par Value (%) | 12.5 % |
| Eligibility date | The Eligibility date shall be at the end of trading day Corresponding to 31-07-2022 for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the dividends distribution date |
| Distribution Date | We would like to inform the shareholders that the distribution of profits will be through the Securities Depository Center (Edaa) Starting from Sunday the date of 16-01-1444H Corresponding 14/08/2022. |
| Additional Information | And We would like to draw the attention to the following regulation regarding the payment of dividend: “for non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the nonresident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.” Almunajem Foods Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends." |
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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