‎“Zoujaj” to deposit H2 profits in shareholders’ investment ‎portfolios ‎

The National Company for Glass Industries SJSC (Zoujaj) announced the date and mechanism for distributing cash dividends to shareholders for the second half of 2022 AD at half a riyal per share, as of Thursday corresponding to 02/09/2023 AD in the bank accounts linked to the investment portfolios in Tadawul according to the shareholder register with Securities Depository Center Company at the end of the second trading day following the maturity date, in all banks.

The company calls on all shareholders to update their data and to ensure that their bank account numbers are linked with their investment portfolios to ensure that their accrued profits are directly deposited in their bank accounts.

It would also like to draw the attention of non-resident investors that the cash distributions that are transferred through the resident financial intermediary are subject, when transferred or credited to his bank account, to a withholding tax of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of the Income Tax Law. Its executive regulations

This comes as a reference to the company’s announcement on “Tadawul” on 12/28/2022 AD regarding the Board of Directors’ decision to distribute cash dividends to shareholders for the second half of the year 2022 AD.