The Board of Directors of the Saudi Home Finance Company (Sahel) has approved the distribution of cash dividends of 7.74% at a value of (0.774 riyals per share) for the fiscal year 2021.
According to Arabiya Net, the company clarified in a statement that the eligibility for dividends will be for the shareholders who own the company's shares and are registered in the company's shareholders register with the Securities Depository Center Company (Edaa). ) at the end of trading on May 31, 2022.
The company called on its shareholders to update their data with the banks where their investment accounts are located to ensure that their future profits are deposited directly into their accounts.
For non-resident foreign shareholders, the company said that cash dividends transferred through the resident financial intermediary, when transferred or credited to their bank account, will be subject to a 5% withholding tax. % in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.
