‎“Elm” decides to distribute SR233 million cash dividends for H1‎

Elm Company announced the decision of the Board of Directors to distribute cash dividends to shareholders for the first half at a value of 233 million riyals, equivalent to 30% of the nominal value of the share.

The number of shares eligible for dividends amounted to 77.6 million shares, at 3 riyals per share, and the eligibility date will be August 13, 2023, provided that the eligibility is for shareholders who own shares on the day of entitlement and are registered in the company’s shareholder register at the Securities Depository Center at the end of the second trading day following The maturity date, while the dividend distribution date was set on August 24, 2023 AD

The company called on its shareholders to update their bank data to ensure that the cash dividends are deposited directly in their accounts, and it also informed the non-resident foreign shareholders that the cash distributions that are transferred through the resident financial intermediary, and when transferred or credited to his bank account, will be subject to a 5% withholding tax according to For the provisions of Article (68) of the income tax system and Article (63) of its executive regulations.