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Fad International Co. announces the board of director’s recommendation to distribute cash dividends for The financial year ended on 31/12/2024
| Element List | Explanation |
|---|---|
| Introduction | FAD International Company announces the recommendation of the Board of Directors to distribute cash dividends to shareholders for the financial year ended on 31/12/2024 |
| Date of the board’s recommendation | 2025-04-07 Corresponding to 1446-10-09 |
| The Total amount distributed | 6,000,000 SAR |
| Number of Shares Eligible for Dividends | 1,200,000 shares |
| Dividend per share | 5 SAR |
| Percentage of Dividend to the Share Par Value (%) | 50 |
| Eligibility date | After the approval of the General Assembly on this recommendation, the entitlement to profits shall be for the shareholders of the company who own the shares as of the end of trading on the day of the General Assembly and who are registered in the records of the company with the Securities Depository Center (Edaa) by the end of the second trading day following the date of the General Assembly, the date of which will be announced later after obtaining the necessary official approvals. |
| Distribution Date | To be announced later |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information | The Company would like to draw the attention of non-resident foreign investors to the fact that cash dividends transferred through the resident financial intermediary are subject to withholding tax at a rate of 5% when transferred or credited to his account in accordance with the terms of Article (68) of the Tax Law and Article (63) of its Executive Regulations. The company calls on its shareholders to update their data and ensure that bank account numbers are linked to investment portfolios to ensure that their profits are received without delay. |
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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