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Alwasail Industrial Co. Announces an update on The Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2023
| Element List | Explanation |
|---|---|
| Introduction | With reference to Al-Wasail Industrial Company’s announcement dated 09/18/1445 AH corresponding to 03/28/2024 AD regarding the distribution of cash dividends to shareholders for the year 2023 AD at the rate of (0.10) riyals per share, which represents 10% of the nominal value of the share and a total amount of 25 million riyals, the company is pleased to announce It announces to its shareholders that the profits will be distributed starting Wednesday 11/7/1445 AH corresponding to 05/15/2024 AD, by direct transfer to the bank accounts linked to the shareholders’ investment portfolios. Note that the eligibility for dividends is for shareholders who own shares at the end of trading on Sunday 10/26/1445 AH corresponding to 05/05/2024 AD (entitlement date), and who are registered in the company’s shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date. In the event of failure of the deposit, we hope to contact the company’s Investor Relations Department, mobile number: 0537633346. |
| Previous Announcement | The Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2023 |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-03-28 Corresponding to 1445-09-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Dividends will be distributed starting Wednesday 11/7/1445 AH corresponding to 05/15/2024 AD, by direct transfer to bank accounts linked to shareholders’ investment portfolios. Note that the eligibility for dividends is for shareholders who own shares at the end of trading on Sunday 10/26/1445 AH corresponding to 05/05/2024 AD (entitlement date), and who are registered in the company’s shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | none |
| Additional Information | The company would like to remind its valued shareholders to update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited in their bank accounts on the distribution day. We would like to draw the attention of foreign investors - non-residents - to the fact that the cash distributions that are transferred through the resident financial intermediary are subject, upon transfer or when credited to his account, to a withholding tax of 5% in accordance with the provisions of Article (68) of the tax system and Article (63). ) of its executive regulations. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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