AlSaif Gallery BOD distributes SR35 mln cash dividends for Q3

AlSaif Stores for Development and Investment Company (AlSaif Gallery) announced on Tuesday the Board of Directors’ approval of the distribution of interim cash dividends to the shareholders for the third quarter of 2022.
It clarified that the number of shares entitled to dividends is 35 million shares, at 1 riyal per share, provided that the eligibility for profits is for the company’s shareholders who own shares at the end of trading on Thursday 12/29/2022 and are registered in the shareholders register at the Securities Depository Center “Edaa” at the end of the second trading day. follows the maturity date, while the distribution date will be 01/12/2023.
The eligibility of the dividends shall be for the Company’s shareholders owning shares by the end of trading day of Thursday 29/12/2022G and registered with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the date of entitlement.
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