Aldrees Petroleum and Transport Services Co. announces the distribution of cash dividend for 2021

Introduction The Board of Directors of Aldrees Petroleum and Transport Services Co. in its meeting held on 17/01/2022G corresponding 14/06/1443H has recommended the distribution of dividend to the shareholders for the year 2021G
Date of the board’s decision 2022-01-17 Corresponding to 1443-06-14
The Total amount distributed SAR 112.5Million
Number of Shares Eligible for Dividends 75 Million shares
Dividend per share SAR 1.5
Percentage of Dividend to the Share Par Value (%) 15 %
Eligibility date The eligibility of the dividends for the Company's shareholders who own shares at the end of the day in which the Company's General Assembly is convened and who are registered in the Company's records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date.
Distribution Date Will be announced at a later date
Additional Information 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 (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law, and article (63) of its implementing regulation.