The board of directors of Najran Cement Company recommended, in its meeting that took place the day before yesterday, Tuesday, to distribute cash dividends to the company's shareholders for the first half of the fiscal year 2020.
The company said in a statement to the Saudi market (Tadawul), today, Thursday, that the proposed dividend is 7.5% of the nominal value of the share by 0.75 riyals per share, with a total value of 127.5 One million riyals
and the eligibility for dividends will be made to shareholders who own shares at the end of trading on Thursday 1st October next (due date), and who are registered in the company's shareholders register at the Securities Depository Center (Deposit) At the end of the second trading day following the maturity date
and the company noted to non-resident foreign investors that cash dividends that are transferred through the resident financial intermediary are subject to withholding tax when transferred or recorded in his bank account at a rate of 5% In accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its implementing regulations.
(Amazon Fun Knowledge)
