Aldrees Company announces the method of dividends distribution for the Financial Year 2020
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| Announcement Detail | Reference to the announcement of Aldrees Petroleum Services and Transport Company (ALDREES), on 19 January 2021 and 14 April 2021, on the recommendation and the approval of the distribution of cash dividends for the year 2020, Aldrees Petroleum Services and Transport Company (ALDREES) announces to the shareholders of the company that the dividends distribution for the Financial Year 2020, will be on Wednesday 28/04/2021 of which (1) SAR per share according to the approval of the Extraordinary General Assembly on 14/04/2021. The entitlement of profits to the shareholders of the Company registered in the Company’s records with the Securities Depository Center (The Deposit Center) will be at the end of the second date of the General Assembly meeting. The Company has agreed with Riyad Bank to deposit the profits of the Company's shareholders directly to their current accounts relating to their investment portfolios, which are deposited with ALDREES in any of the local banks. Any shareholder of the Company in the event of failing to deposit in the deposit process, can coordinate with any branch of Riyad Bank or can contact the banks telephone no 920001816 or e-mail : Impc@riyadbank.com or communicate with the shareholders' relations of the company on e-mail : shares@aldrees.com , and we would like to draw the attention of non-resident foreign investors that the cash dividends transferred by the financial intermediary are subject to a deduction tax at the rate of 5% in accordance with the provisions of Article (68) of the Taxation Law and Article (63) Implementation |
The Capital Market Authority and the Saudi Stock 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.
1442/09/15 Tue Apr 27, 2021 16:00:54
