Leejam Sports BOD Approves 21.4% Cash Dividend for Q3

Leejam Sports Company announced on Tuesday the Board of Directors’ decision to distribute cash dividends to shareholders for the third quarter of 2024, with a total distributed amount of 112.1 million riyals, with the share’s share of the distribution being 2.14 riyals per share, and a distribution ratio to the nominal value of the share of 21.4%.

The company stated that the number of shares entitled to dividends is 52.38 million shares, and the distribution date will be on Nov. 21.

The eligibility for dividends will be for shareholders who own shares at the end of trading on Nov. 07, 2024 and are registered in the company’s shareholders’ register with the Securities Depository Centre Company at the end of the second trading day following the due date.

The profits will also be distributed through the Securities Depository Centre Company, which will transfer the profits to the investment accounts through the custodian members. To ensure that the profits are deposited in the investment accounts without delay, the company would like to remind all shareholders to ensure that their data is updated with the custody members. The company draws the attention of non-resident investors to the fact that cash dividends are subject to a 5% withholding tax upon transfer or deposit into their bank account, in accordance with the provisions of the Income Tax Law and its Executive Regulations.