Etihad Etisalat Company (Mobily) announced the company's board of directors' recommendation to distribute cash dividends to shareholders for the current fiscal year 2021.
The company said in a statement to the Saudi market (Tadawul), today, Thursday, that the board of directors recommended distributing 8.5% cash dividends for the year 2021, at 0.85 riyals per share. With a total value of 654.5 million riyals.
The company clarified that the eligibility of cash dividends to shareholders who own shares on the due date and who are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the day of the general meeting, which will be announced About it later.
and indicated that the distribution date will be announced later after the company's general assembly approves this recommendation.
It cautioned non-resident investors in the Kingdom that the profits that the company will pay to them will be subject to a 5% withholding tax upon transferring or depositing those profits into their bank accounts, in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.
The company urged shareholders to update their data with the banks where their investment accounts are held to ensure that their due profits are received in a timely manner.
