Alujain BOD distributes SR103.8 mln cash dividend for 1H 2022

Based on the Extraordinary General Assembly No. 11 held on 17-10-1443 H corresponding to 18-05-2022 which approved authorizing the Board of Directors to distribute interim dividends for the year 2022, Alujain Holding Corp. is pleased to announce the Board of Directors’ decision to distribute cash dividends amounted to 103.8 million to shareholders for the first half of 2022, with percentage of dividend to the share par value is 15%.

The company added that number of shares eligible for dividends is 69,200,000 shares, and dividend per share is SR 1.5. The eligibility of dividends shall be for the shareholders at the closing of trading on 30-06-2022 and as per the registered shareholders in the register of the Securities Depository Center at the end of the 2nd trading day following the eligibility date.

Additional Information:

The company urges all valued shareholders to update their data and ensure that their bank account numbers are linked with their investment portfolios to ensure that their due profits are deposited directly into their accounts.

For non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.