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Riyadh Cement Co. announces the BOD recommendation to distribute cash dividends for The second half of 2023
| Element List | Explanation |
|---|---|
| Introduction | Riyadh Cement Company Board of Director's recommended in BOD meeting held on Monday 11 December 2023 that based on their authorities and after review of financial situation of company and expected retained end of year 2023 to distribute cash dividends to its shareholders for the second half of 2023 as below. |
| Date of the board’s decision | 2023-12-11 Corresponding to 1445-05-27 |
| The Total amount distributed | 90000000 RS |
| Number of Shares Eligible for Dividends | 120000000 share |
| Dividend per share | 0.75 |
| Percentage of Dividend to the Share Par Value (%) | 7.5 % |
| Eligibility date | Distribution date will be announced later. |
| Distribution Date | Distribution date will be announced later. |
| Additional Information | 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 dividend is deposited in their accounts with the banks on the distribution day. We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker 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 regulation. |
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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