BinDawood Holding distributes SR102.8 mln cash dividends for ‎H1‎

Bin Dawood Holding Co. announced the distribution of 102.8 million riyals in cash dividends to shareholders for the first half of the fiscal year 2022 AD, equivalent to 9% of the nominal value of the share.

The number of shares entitled to dividends amounted to 114.3 million shares, at 0.9 riyals per share

The eligibility for dividends will be for the shareholders who own shares at the end of trading on Sunday 11/09/2022 AD and who are registered in the company’s shareholders register at the Securities Depository Center (Edaa) at the end of the second trading day following the due date, and the distribution will be on September 25. ‎

The company would like to draw the attention of non-resident foreign investors to the fact that the cash distributions that will be transferred through the resident financial intermediary will be subject, when transferred or credited to his bank account, to withholding tax at the rate of (5%) in accordance with the provisions of Article (68) of the tax system Income and Article (63) of its Executive Regulations.

It also would like to remind all shareholders to work on updating their data and to ensure that their bank account numbers are linked to investment portfolios to ensure that their profits are deposited in their accounts without delay.

Profits will be distributed through direct transfers to local bank accounts linked to shareholder portfolios

In the event that the deposit process fails, please contact the investor relations department of Bin Dawood Holding Company at the e-mail:

[email protected]