The Saudi Automotive Services and Equipment Company (SASCO) announced that the cash dividends approved by the company on June 22, will be distributed on July 5, 2020 through a bank Riyadh.

The company said in a statement to the Saudi market (Tadawul) today, Tuesday, that the profits approved by the company at 10% of the company's capital by one riyal per share, and with a total amount of 60 Million riyals.

She explained that the profits will be deposited directly into the accounts of the shareholders with investment portfolios linked to a bank account with a local bank.

She added that the profits will be disbursed directly through a review of a branch of Riyad Bank, for each of the shareholders who have investment portfolios not linked to bank accounts, and shareholders who hold certificates (who do not have Investment portfolios) under the equity certificate.

The company calls upon its valued shareholders to update their data and ensure that bank account numbers are linked to investment portfolios to ensure that their profits arrive without delay.

It is also noted that for foreign investors who are not residents of the Kingdom, that the cash dividends that are transferred through the resident financial intermediary, they are subject to tax when transferred or when registered in his account to a tax Withholding at a rate of 5% in accordance with the provisions of Article (68) of the tax system and Article (63) of its executive regulations.