Aldrees Petroleum and Transport Services Co. announces the distribution of cash dividend for 2022
1444/06/29 22/01/2023 09:36:11
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Aldrees Petroleum and Transport Services Co. in its meeting held on 22/01/2023G corresponding29/06/1444H has recommended the distribution of dividend to the shareholders for the year 2022G |
| Date of the board’s decision | 2023-01-22 Corresponding to 1444-06-29 |
| The Total amount distributed | SAR150Million |
| Number of Shares Eligible for Dividends | 75 Million shares |
| Dividend per share | SAR2 |
| Percentage of Dividend to the Share Par Value (%) | 20 % |
| 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. |
