Alkhorayef BOD Distributes SAR37.5 mln Profits for 2H Ending on December 31, 2021

AlKhorayef Water and Power Technologies Company announced on Sunday its board of directors’ decision to distribute cash dividends to shareholders for the Second half ended on 31 December 2021. The total amount distributed is SR37,500,000. The dividend per share is SR1.50 per share. The percentage of dividend to the share par value (%) is 15 %.

The company said in a statement on Tadawul on Sunday that the number of shares eligible for dividends is 25,000,000 shares. The eligibility date is 22.03.2022. The distribution date is 30.03.2022.

Additional Information:

It added that the eligibility of dividend shall be for the shareholders at the close of trading on 22.03.2022, who are registered in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.

AWPT urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends.

It also added that: “We want to draw the attention to the foreign non-resident investors that the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident 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 distribution will be through Banque Saudi Fransi by direct bank transfer to shareholders bank accounts linked to their portfolios. For the shareholders who own investment portfolios linked with bank accounts that do not accept bank transfer, they must go to any Banque Saudi Fransi branches along with their National ID (for Saudis) or Iqama (for non-Saudis) to collect their dividends directly from the bank.