Almarai BOD Distributes SAR 1 Bln in Cash Dividends to Shareholders

The Board of Directors of Almarai Company announced during its meeting on 14th December 2021, the recommendation to the General Assembly to distribute dividends for the financial year 2021 as follows:

The date of the board’s decision is 14.12.2021. The total amount distributed is SR 1,000 million. The number of shares eligible for dividends is 1,000 million.

The dividend per share is SR 1.00. The percentage of dividend to the share par value (%) is 10 %.

The eligibility date is dividends will be paid to the shareholders who are registered in Tadawul at the end of the second trading day following the General Assembly Meeting.

Date of the General Assembly Meeting will be fixed after obtaining the approval from the related government agencies.

The distribution date is dividend payment will be made after the approval of the General Assembly.

Additional Information: The Company wants to draw the attention to the following regulation regarding the payment of dividend:

“For non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the nonresident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.” The company said.

Almarai urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends.