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Almunajem Foods Co. announces the distribution of cash dividend for the year 2021
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almunajem Foods Company, during its meeting on 27th March 2022, has recommended to the General Assembly a payment of dividend for the financial year 2021 as follows: |
| Date of the board’s decision | 2022-03-27 Corresponding to 1443-08-24 |
| The Total amount distributed | 120,000,000 SR |
| Number of Shares Eligible for Dividends | 60,000,000 Share |
| Dividend per share | 2.00 SR |
| Percentage of Dividend to the Share Par Value (%) | 20 % |
| Eligibility date | "Dividends will be paid to the shareholders whom are registered on Tadawul at the end of the second trading day following the General Assembly Meeting. Date of the General Assembly Meeting will be determined after obtaining the statutory approvals from the relevant government agencies." |
| Distribution Date | The dividend payment date will be determined after the company's general assembly approval. |
| Additional Information | "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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