Saudi Top to Pay 30% Cash Dividend for Q1 2024

The Board of Directors of Saudi Top Trading Company announced on Wednesday the distribution of cash dividends to shareholders—excluding shareholder Abdullah Muhammad Al-Ajmi, who waived his entitlement—for the first quarter of 2024. The total amount to be distributed is SAR 3.6 million, equivalent to 30% of the nominal value per share.

The number of shares eligible for dividends is 12 million, at SAR 0.30 per share.

The company clarified in a statement on the Tadawul website that dividends for non-resident investors in the Kingdom will be subject to a 5% withholding tax upon transfer or deposit into their accounts, in accordance with Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.