Elm BOD recommends Distribution of SR232.8 mln Profits for 2021

Board of Directors of Elm recommended distributing cash dividends for 2021 at SR 3 per share, at a total amount of SR232.8 million, or 30% of the nominal value of the share.

The Saudi company added in a statement published on Tadawul that number of shares eligible for dividends is 77.6 million shares, while the distribution date will be announced later.

bearing in mind that the eligibility for the profits of the year 2021 will be the right of the shareholders who own shares at the end of trading on the day of the assembly’s meeting and who are registered in The bank’s shareholders are registered with the Depository Center Company at the end of the second trading day following the due date, provided that the distribution of profits will start on April 21, 2022.

In addition, Elm would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to a withholding tax of 5% according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.