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Arabian Centres Co. (Cenomi Centers) announces the distribution of cash dividend for the second half of the fiscal year 2023
| Element List | Explanation |
|---|---|
| Introduction | Arabian Centres Co. (“Cenomi Centers” or the “Company”) is pleased to announce its Board of Directors’ decision (by circulation) to distribute cash dividends to the shareholders for the second half of the fiscal year 2023. |
| Date of the board’s decision | 2024-03-25 Corresponding to 1445-09-15 |
| The Total amount distributed | SAR 356.25 million |
| Number of Shares Eligible for Dividends | 475 million Shares |
| Dividend per share | SAR 0.75 |
| Percentage of Dividend to the Share Par Value (%) | 7.5 % |
| Eligibility date | 1-Apr-2024 |
| Distribution Date | 16-Apr-2024 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | None. |
| Additional Information | The eligibility of dividends shall be for the shareholders at the close of trading on 1-Apr-2024, who are registered in the register of The Securities Depository Center Company at the end of the second trading day following the eligibility date. The distribution will be through Saudi Awwal Bank branches by direct bank transfer to shareholders’ bank accounts linked to their portfolios. For the shareholders who own investment portfolios linked with bank accounts that do not accept bank transfers, they must go to any Saudi Awwal Bank branch along with their National ID (for Saudis) or Iqama (for no Saudis) to collect their dividends directly from the bank. ACC urges its shareholders to update their data and to make sure to link their bank account numbers to their investment portfolios to ensure the receipt of their cash dividends. We would like to draw the attention to the foreign non-resident investors that the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations. In case of the non-receiving of the dividend on the mentioned distribution date above, please dial Saudi Awwal Bank on the toll-free number (8001248888) or visit its nearest branch or contact the Investor Relations Department at Cenomi Centers. |
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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Last Price 19.54
Net Change 0.24 (+1.24%)
Value Traded (Sar) 22,119,999.1
Volume Traded 1,139,522
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