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The Savola Group Announces the Recommendation of Its Board of Directors to Distribute Cash Dividends to its Shareholders for the Year 2025
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors recommends distributing cash dividends to the Shareholders for the year 2025 as per the details articulated hereunder. |
| Date of the board’s recommendation | 2026-03-05 Corresponding to 1447-09-16 |
| The Total amount distributed | SAR 510 million |
| Number of Shares Eligible for Dividends | 300,000,000 shares |
| Dividend per share | SAR 1.7 Per Share |
| Percentage of Dividend to the Share Par Value (%) | 17 |
| Eligibility date | The eligibility of cash dividends will be to the shareholders who own the Company’s shares on the eligibility date and registered in the Company's register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the Company’s General Assembly meeting (eligibility date), which will be announced at a later stage. |
| Distribution Date | Distribution date will be announced later. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | NA |
| Additional Information | It is worth mentioning that these distributions are in line with the Group’s announced dividends policy, which is to distribute cash dividends of approximately 50% to 60% of the net profit generated during the fiscal year. For non-resident investors, cash dividends that are transferred through the resident financial broker or when credited to his account are subject to a withholding tax of 5% in accordance with the provisions of Article (68) of the income tax law and Article (63) of its implementing regulations. The date of the General Assembly meeting will be determined after obtaining the required regulatory approvals, during which the shareholders will vote on the Board of Directors’ recommendation in this regard The Company urges its shareholders to promptly update their information and ensure that their bank account numbers are linked to their investment portfolios, so that cash dividends can be deposited into their bank accounts on the distribution date following the General Assembly’s approval. |
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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