Alamar BOD Distributes SR43 mln Cash Dividends for H1

Alamar Foods Company announced on Monday that the Board of Directors has approved the distribution of interim cash dividends to the shareholders for the first half of 2022. The total amount distributed is 43,000,000. The dividend per share is 1.69. The percentage of dividend to the share par value (%) is 16.86.
The company said that the number of shares eligible for dividends is 25,500,000. The distribution date is 20.09.2022.
The eligibility of the dividends shall be for the Company’s shareholders owning shares by the end of the trading day of Tuesday 30.08.2022 and registered with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the date of entitlement.
It concluded: “We would like to draw the shareholders’ attention to the following regulation regarding the payment of dividends:
“for 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 the account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.”
The Company urges the shareholders to update their investment portfolio bank account data to ensure the timely receipt of their dividends.