BUPA Arabia deposits SR540 mln profits for 2021 to its shareholders

Bupa Arabia for Cooperative Insurance announces that, further to the Tadawul announcement of 06/06/2022G, and in line with the approval of the General Assembly Meeting of 30/06/2022G, which results announced on 03/07/2022G, the process of the 2021G fiscal year Dividend distribution will be as follows:

1.Total amount of distribution of dividend: SAR 540 million

1. Number of shares eligible for dividends: 120,000,000 shares
2. Dividend per share SAR 4.50
3. Dividend represents: 45% of the face value of the share

5.The eligibility for the dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Edaa) two days after the date of the General Assembly Meeting.

The dividend will be dispensed and deposited in the shareholders’ portfolios with effect from 20/07/2022G, through direct deposit via SABB Bank.

The Company draws to the attention of the shareholders that their dividends will be directly deposited in their bank accounts and recommends those who don’t have a bank account tied to their portfolio to check their bank accounts with SABB Bank branches to collect their dividend payment.

The Company would also like to draw its shareholders’ attention to the following regulation regarding the payment of dividends: For foreign non-resident investors the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law.