Friday, 29 March 2024

Fitness Time BOD Distributes SR40.85 Cash Dividend for the 3Q

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Leejam Sports Company (“Fitness Time” the “Company”) announced on Sunday the Board of Directors’ resolution to distribute cash dividends to the company’s shareholders for the third quarter of 2021.

The company said that the “Total amount distributed is SR 40,859,021.58, with number of Shares Eligible for Dividends is 52,383,361 Shares.”

The eligibility of dividends shall be for the shareholders at the close of trading on Sunday 14 November 2021 and as per the registered shareholders in the register of The Securities Depository Center Company at the end of the 2nd trading day following the eligibility date.

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The dividend distribution will by direct transfer to the Bank Accounts linked to the shareholders investment portfolios. The company urges its shareholders to update their information and to make sure to link their bank account numbers to their investment portfolios to ensure the receipt of their dividends.

The company would like to draw the attention of non-resident investors that the distribution of cash dividends payable is subject to a withholding tax of 5% upon transfer or crediting the amount to their account in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation

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