Tuesday, 29 November 2022

Mobily BOD Recommends Distribution of SR654.5 Million for FY 2021

Etihad Etisalat Company (Mobily) announced on Thursday the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2021. The Total amount distributed is SR654.5 while dividend per share is SR0.85 and percentage of dividend to the Share Par Value is 8.5%.

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The eligibility of cash dividend will be to shareholders who own the Company shares on the eligibility date and enrolled in the Company’s register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later.

Distribution date will be announced later after the approval of the General Assembly.

The Company said it “wants to draw the attention of non-resident investors; the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.

Etihad Etisalat Co. urged its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends.

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