Zoujaj distributes SR16.5 mln of 2021 Cash Dividend

The National Company for Glass Industries (Zoujaj) announced on Monday the board of directors’ recommendation to distribute cash dividends to its shareholders for the year 2021. The Total amount distributed is 16,450,000 while dividend per share is 0.5 and the Percentage of Dividend to the Share Par Value is 5 %.

The company said in a statement on (Tadawul) that the number of shares entitled to dividends is 32,900,000 shares, and the date and mechanism for distributing dividends will be announced later.

The eligibility of dividend shall be for the shareholders at the close of trading on 16.01.2022 who are registered in the register of The Securities Depository Centre Company at the end of the second trading day following the eligibility date.

Non-resident foreign investors should note that cash dividends that are transferred through the residing financial intermediary are subject to Withholding Tax when transferred or deposited at a rate of 5% as stipulated in the provisions of Article (68) of Income Tax Law and (63) of the Implementing Regulation.

The Company also reminds its shareholders to update their information with the banks in which they have their investment accounts, to ensure that dividends are deposited directly into their accounts.