Thob Al Aseel BOD Distributes SR30 mln Profits for 1H

Thob Al Aseel Company announced on Thursday the decision of the Board of Directors to distribute cash dividends to shareholders for the first half of the fiscal year 2022, with a total distributed amount of SR30 million, provided that the share of the distribution is SR0.75, with a distribution ratio of 7.5% to the nominal value of the share.

The company said that the number of shares entitled to dividends is 40 million shares, and the dividends will be paid within 15 working days from the due date.

The company explained that the eligibility date to the company’s shareholders who own shares at the end of trading on the due date 03/08/2022 and who are registered in the company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.

The Company urges its stakeholders to update their data and to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends without delay.

It concluded: “We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law, and article (63) of its implementing regulation”.