Tadawul Group BOD recommends distribution of SAR 277 mln in profits of 2022

Saudi Tadawul Group Holding Co. announced on Sunday the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2022 with a total amount distributed of SAR 277,130,872, as a dividend per share is SAR 2.31 per share with a percentage of Dividend to the Share Par Value 23.1 %.
The Company said today that the number of Shares Eligible for Dividends is 120 million shares, and the distribution date will be announced later
The eligibility of dividends will be for the Shareholders who own the Company’s shares by the end of the second trading day following the day of the Company’s General Assembly meeting (which will be announced at a later date), and registered in the Company’s register at the Securities Depository Center Company (Edaa).
The company urges our respected shareholders to update their banking information to ensure the deposit of the cash dividends directly into their accounts.
In addition, the company 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 a withholding tax of 5% according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.