Aldrees Company announces the method of dividends distribution for the Financial Year 2021

1443/08/10   13/03/2022 08:07:44

Reference to the announcement of Aldrees Petroleum Services and Transport Company (ALDREES), on 18 January 2022and 01 March 2022, on the recommendation and the approval of the distribution of cash dividends for the year 2021, Aldrees Petroleum Services and Transport Company (ALDREES) announces to the shareholders of the company that the dividends distribution for the Financial Year 2021, will be on Monday 14/03/2022 of which (1.5) SAR per share according to the approval of the Ordinary General Assembly on 28/02/2022. 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 The Saudi National 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 The Saudi National Bank or can contact the bank by e-mail : CCCR@alahli.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