Najran Cement approves distributing SR42.5 mln cash ‎dividends for H1‎

The Board of Directors of Najran Cement Company decided on 02-10-2022G corresponding to 06-03-1444H to distribute SR 42.5 million cash dividends to its shareholders for the first half of 2022, with dividend to the Share Par Value is at 2.50%.

The company stated that the number of shares entitled to dividends is 170 million shares, at 0.25 riyals per share.

The eligibility of dividend shall be for the shareholders who own the shares at the close of the market on Thursday, 06-10-2022G corresponding to 10-03-1444H (eligibility date), and who are registered in the Company’s shareholders register at Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.

Additional Information:

The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.

It also 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 withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.

Moreover, it would like also to draw the attention of the Company shareholders that they can inquire about their outstanding dividend not received for previous years through the company’s website using the following link:

http://najrancement.com/en/unclaimed-dividends/