Almunajem Foods Distributes Dividends to Shareholders for the fiscal year 2021

Almunajem Foods Company announces that, further to the Tadawul announcement of the approval of the Extraordinary General Assembly Meeting on 01/06/2022, which results announced on 02/06/2022, the process of the 2021 fiscal year Dividend distribution will be as follows:

1. Total amount of distribution of dividend: 120.000.000 Saudi Riyals.
2. Number of shares eligible for dividends: 60,000,000 shares
3. Dividend per share SAR 2
4. Dividend represents: 20% of the face value of the share
5. The eligibility for the dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Edaa) two days after the date of the Extraordinary General Assembly Meeting.

The distribution of profits will be through the Securities Depository Center (Edaa) Starting from the date of 12/06/2022.

The Company requests its shareholders to update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.

The company said that the foreign non-resident investors that the dividends paid by the Company are subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account pursuant to Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.