Zoujaj BOD recommends profit distributing of SR16.4 mln

The National Company for Glass Industries (Zoujaj) announced the Board of Directors’ decision to distribute cash dividends to shareholders for the first half of 2022. The total amount distributed is SR 16.45 million. The dividend per share is SR0.50 per share. The percentage of dividend to the share par value is 5 %.

The company said in a statement on Tadawul that the number of shares eligible for dividends is 32,900,000 shares. The eligibility date is will be announced later.

The right of profits to the shareholders of the company who own the shares on the day of the General Assembly (the day of entitlement) and who are registered in the company’s shareholders ’register with the Securities Depository Center (Edaa center) at the end of the second trading day following the date of the general assembly that will be announced later after taking the necessary approvals from the designated authorities.

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.