Arabian Centres Distributes SR365.25 mln in Semi-annual Profits to its Shareholders

Arabian Centres Co. (“ACC” or “the Company”) announced on Sunday its Board of Directors decision to distribute cash dividend to the shareholders for the second half of FY2022 ended on 31 March 2022, and that is as follows:

The company said in a statement to the Saudi market, “Tadawul”, Sunday, that the distribution ratio to the nominal value of the share is 7.50%, with a share of SR0.75 per share, while the number of shares entitled to dividends is 475 million shares.

It added that the eligibility of dividend shall be for the shareholders at the close of trading on 05 July 2022, who are registered in the register of The Securities Depository Centre Company at the end of the second trading day following the eligibility date.

It also added that the distribution will be through SABB branches by direct bank transfer to shareholders bank accounts linked to their portfolios. For the shareholders who own investment portfolios linked with bank accounts that do not accept bank transfer, they must go to any SABB branches along with their National ID (for Saudis) or Iqama (for none Saudis) to collect their dividends directly from the bank. ACC urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends.

The company wants to draw the attention to the foreign non-resident investors that the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.

It concluded that in case of the non-receiving of the dividend on the mentioned distribution date above, please dial SABB on the toll-free number (920007222) or visit its nearest branch or contact the Investor Relations Department at the Arabian Centres Co.