BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT THE BOARD OF DIRECTORS HAS RECOMMENDED THE DISTRIBUTION OF CASH DIVIDENDS FOR THE 2021 FISCAL YEAR.
|Introduction||The Board of Directors of Bupa Arabia for Cooperative Insurance Company has recommended, on 05/06/2022, the distribution of dividends to the shareholders for the 2021 fiscal year.|
|Date of the board’s decision||2022-06-05 Corresponding to 1443-11-06|
|The Total amount distributed||540,000,000SAR|
|Number of Shares Eligible for Dividends||120,000,000 Shares|
|Dividend per share||4.50SAR|
|Percentage of Dividend to the Share Par Value (%)||45 %|
|Eligibility date||The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on owning shares at the end of the day of the General Assembly meeting of the Company and who are registered in the shareholder's Register of the Company in the Securities Depository Center (Edaa) at the close of the second trading day after the date of the General Assembly (GA) Meeting which approves the dividends. The company will announce for the GA later, after obtaining the necessary approvals from the relevant authorities.|
|Distribution Date||The dividend distribution date will be confirmed after the approval of the General Assembly which the company will be announcing for later after obtaining all the approvals from the relevant authorities.|
|Additional Information||The Company would also like to draw its shareholders' attention to the following regulation regarding the payment of dividends: For foreign non-resident investors the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law. |
For any inquiry, shareholders may contact Bupa Arabia's Corporate Governance Department via e-mail (email@example.com)
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