IssuerAnnouncementDetailsV2Portlet
ActionsQassim Cement Company Announces the Resolution of its Board of Directors to Distribute Cash Dividends to its Shareholders for the first and second quarters of year 2024
Element List | Explanation |
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Introduction | The Board of Directors of Qassim Cement Company decided on Tuesday 27-08-2024 Corresponding to 23-02-1446 (H) to distribute cash dividends to company’s shareholders for the first and second quarters of year 2024. |
Date of the board’s decision | 2024-08-27 Corresponding to 1446-02-23 |
The Total amount distributed | 143,626,700 SAR |
Number of Shares Eligible for Dividends | 110,559,000 Shares |
Dividend per share | 1.30 SAR per Share (0.65 SAR per share for each quarter) |
Percentage of Dividend to the Share Par Value (%) | 13 |
Eligibility date | 2024-09-01 Corresponding to 1446-02-28 |
Distribution Date | 2024-09-15 Corresponding to 1446-03-12 |
The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
Additional Information | Distribution will be, through direct transfer to bank accounts linked to shareholders’ portfolios, thus the company remind the shareholders to update their data with banks that have their accounts in to ensure that their future profits are deposited directly. 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. In case of any inquiries, please contact the Shareholders Relations Section by phone with number 0163160026 or 0163165513 or by post mail to the company's national address 4266 Buraydah 52271 - 6735 or kindly visit the Shareholders Relations Section at the company's headquarters - Buraydah - Tarfia Road - headquarters building / second floor. |
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.