BOD of Zain KSA recommends distributing SAR 449.4 mln cash dividends for 2022

Mobile Telecommunication Company Saudi Arabia “Zain KSA” announced on Sunday the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2022, with the total amount distributed SAR 449,364,588, provided that the share of the share from the distribution is 0.5 riyals, with a distribution ratio to the nominal share value of 5%.

The company said that the number of shares entitled to dividends is 898,729,175 shares, and the distribution date will be announced later after the approval of this recommendation by the General Assembly.

The company urges our respected shareholders to update their banking information to ensure the deposit of the cash dividends directly into their accounts.

The eligibility of Cash dividends will be to Shareholders who own the company shares on the Eligibility date and are enrolled in the Company’s register at Securities Depository Center Company (Edaa) by the end of the second trading day of the General Assembly of the company, which will be announced later.

In addition, we 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 the Implementing Regulations.