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First Milling Co. announces the distribution of cash dividend for H1 2023
| Element List | Explanation |
|---|---|
| Introduction | Based on the resolution of the Ordinary General Assembly of First Mills Company held on March 06, 2023, regarding the authorization given to the Board of Directors to distribute the interim dividends for the year 2023, the Board of Directors resolved and approved the distribution of the interim (half yearly) dividends to shareholders for the period of the first six months of 2023 ended on June 30, 2023 |
| Date of the board’s decision | 2023-07-27 Corresponding to 1445-01-09 |
| The Total amount distributed | SAR 76,066,019 million |
| Number of Shares Eligible for Dividends | 55,500,000 million |
| Dividend per share | SAR 1.37 per share |
| Percentage of Dividend to the Share Par Value (%) | 13.7 % |
| Eligibility date | The eligibility for dividends is for the shareholders who own the company’s shares at the end of trading day 31/07/2023, corresponding to 14 Muharram 1445 H and registered in the company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the board meeting. |
| Distribution Date | Dividend payment will be made on 28 Muharram 1445H corresponding to 14/08/2023G |
| 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.” First Mills encourages its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends.
For more information you can contact the IR department on the following: - Phone: +966 12 6615809: Email: ir@firstmills.com |
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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