Bin Dawood Holding Distributes SR74.3 mln Profits for 2H of 2021

BinDawood Holding Company announced on Wednesday the distribution of cash dividends for the second half of the year 2021.

It added that the total amount distributed is 74,295,000. Number of shares eligible for dividends is114,300,000. The dividend per share is 0.65. The percentage of dividend to the share per value (%) is 6.5 %.

It also added that the eligibility of dividends shall be for the shareholders who own shares by the end of trading day of Sunday 03.04.2022 and registered with the Securities Depository Canter (Depository Centre) at the end of the second trading day following the date of entitlement.

We want to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations.

Furthermore, the Company would like to remind its shareholders to update their information and to link their bank account numbers to their investment portfolios to ensure the timely distribution of their cash dividends without any delay.

Distribution of dividends will be made through direct transfers to the local bank accounts linked to the shareholders’ portfolios.