IssuerAnnouncementDetailsV2Portlet
Aldrees Petroleum and Transport Services Co.(ALDREES) announces the board of director’s recommendation to distribute cash dividends for 2024
Element List | Explanation |
---|---|
Introduction | The Board of Directors of Aldrees Petroleum and Transport Services Co. in its meeting held on 21/01/2025G corresponding 21/07/1446H has recommended the distribution of dividend to the shareholders for the year 2024G |
Date of the board’s recommendation | 2025-01-21 Corresponding to 1446-07-21 |
The Total amount distributed | SAR 150 Million |
Number of Shares Eligible for Dividends | 100 Million shares |
Dividend per share | SAR 1.5 |
Percentage of Dividend to the Share Par Value (%) | 15 |
Eligibility date | The eligibility of the dividends for the Company's shareholders who own shares at the end of the day in which the Company's General Assembly is convened and who are registered in the Company's records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date. |
Distribution Date | Will be announced at a later date |
The name of other official authorities and the details of their non-refusal to the recommendation or decision | Nothing |
Additional Information | 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 (when transferred or credited to the bank account) 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.