Fitness Time BOD Distributes SR24.67 mln Profits for 1Q

Leejam Sports Company (“Fitness Time” the “Company”) announced on Wednesday the Board of Directors’ resolution to distribute cash dividends to the company’s shareholders for the First Quarter Of 2022. The gross amount distributed is SR24,672,563.031.The dividend per share is SR 0.471 per share.

The company added that the number of shares eligible for dividends is 52,383,361 shares.

The eligibility of dividends shall be for shareholders who own the shares at the close of trading on Tuesday 10 May 2022 and as per the company shareholders register with the Securities Depository Centre Company at the end of the 2nd trading day following the eligibility date.

The dividend distribution will by direct transfer to the Bank Accounts linked to the shareholders investment portfolios. The company urges its shareholders to update their information and to make sure to link their bank account numbers to their investment portfolios to ensure the receipt of their dividends.

The company want to draw the attention of non-resident investors that the distribution of cash dividends payable is subject to a withholding tax of 5% upon transfer or crediting the amount to their account in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation.