SADAFCO BOD recommends distributing SR59.9 mln profits for 2H

SADAFCO Co. is pleased to announce its Board of Directors’ recommendation to distribute cash dividends to the shareholders for the second half of the fiscal year ended on 31-03-2022G as follows:

The Total amount distributed: SAR 95,999,250

Number of Shares Eligible for Dividends: 31,999,750 Shares

Dividend per share:          SAR 3.00

Percentage of Dividend to the Share Par Value (%): 30%

The dividends shall be distributed to shareholders registered in the Securities Depository Centre on the second day following the eligibility day. The date of the annual general assembly meeting will be fixed after the approval of the concerned authorities.

The date of distribution of dividends will be fixed after the approval by the annual general assembly.

Additional Information:

The Company requests its shareholders to update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.

We would like to draw the attention to the foreign non-resident investors that the dividends paid by the Company are subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account pursuant to Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.