Almasane Alkobra Mining Company announces the distribution of cash dividend for First Half of 2022
|Introduction||Almasane Alkobra Mining Company (AMAK) announces its Board of Director's recommendation on 19/12/1443 corresponding to 18/07/2022 G to distribute cash dividends to its shareholders for the first half of 2022|
|Date of the board’s decision||2022-07-18 Corresponding to 1443-12-19|
|The Total amount distributed||SAR 129,082,300|
|Number of Shares Eligible for Dividends||64,541,150 shares|
|Dividend per share||SAR 2|
|Percentage of Dividend to the Share Par Value (%)||20 %|
|Eligibility date||The eligibility of dividend shall be for the shareholders who own the shares at the close of the market on Tuesday, 27/12/1443 H corresponding to 26/07/2022 G (eligibility date), and who are registered in the Company’s shareholders register at Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.|
|Distribution Date||Distribution date will be announced later.|
|Additional Information||The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day. |
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 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.