AMAK BOD distributes SAR 57.7 million cash dividend for H2 2023

Almasane Alkobra Mining Company (AMAK) announced its Board of Director’s decision on 04.01.2024 to distribute cash dividends to its shareholders for the Second half of the financial year 2023. With total distributed amount of SAR 57.7 million. Dividend per share is SAR 0.65, with a 6.5% dividend to the Share par value.

The company stated on Sunday on Tadawul that the number of shares eligible for dividends is 88.43 million shares.

The eligibility of cash dividend shall be to shareholders who are enrolled in the Company’s shareholders register at Securities Depository Center Company (Edaa) by the end of the eligibility date Wednesday corresponding to 10.01.2024 (Eligibility date).

The company requests all shareholders to quickly update their data and ensure that the investment portfolio account numbers are linked to the Securities Deposit Center in the correct manner by capital market brokers to ensure that their dividend is deposited in investment portfolios on the day of distribution and deposit all certificates in their possession, if held, in their investment portfolios by submitting it to the Securities Depository Center Company (Edaa).

The company also noted to the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.