Al-Fakhera BOD Recommends 23% Cash Dividend for H1 2024

Al-Fakhera Men’s Tailoring Co. announced on Wednesday that its Board of Directors recommended distributing cash dividends to shareholders for the first half of the fiscal year 2024, with a total distributed amount of 8,28 million riyals, with the share of the distribution being 23 Halalas, and the distribution ratio to the nominal value of the share being 23%.
The Company stated in a statement today on “Tadawul” that 36 million shares are entitled to dividends, indicating that the distribution date will be announced later.
The date of eligibility for cash dividends for shareholders who own shares and are registered in the Company’s shareholders register at the Depository Centre will be at the end of the second trading day following the date of the Company’s General Assembly, the date of which will be announced later after obtaining the approval of the competent authorities.
The Company drew the attention of non-Saudi shareholders residing in the Kingdom to the fact that their profits will be subject to a 5% withholding tax when transferred to their accounts, in accordance with the provisions of Article (68) of the Income Tax System and Article (63) of its Executive Bylaws.