Tadawul Group BOD Recommends Distributing SR360 mln Profits for 2021

Saudi Tadawul Group Holding Company announced on Sunday the issuance of its Board of Directors’ resolution by circulation, which includes a recommendation to distribute cash dividends to the company’s shareholders for the fiscal year 2021.

The total amount distributed is SR360 million. The dividend per share is        SR 3 per share. The percentage of dividend to the share par value (%) is 30 %.

The company said in a statement on Tadawul the number of shares eligible for dividends is SR120 million shares.

It added that the eligibility of dividends shall be for the Shareholders who own the Company’s shares and registered in the Company’s register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the Company’s General Assembly meeting which will be announced later.

The company urges their respected shareholders to update their banking information to ensure the deposit of the cash dividends directly into their accounts.

“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 a withholding tax of 5% according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations”, the company concluded.