Baazeem BOD recommends distributing SAR 11 million cash dividends for second half of 2022

Baazeem Trading Co. announced that the Board of Directors recommended distributing cash dividends to shareholders for the second half of the fiscal year 2022, with a total amount distributed of SAR 11,137,500, provided that the share per share from the distribution is SAR 1.10, and with a distribution ratio to the nominal share value (%)% 11

The company said that the number of shares eligible for dividends is 10,125,000 shares, and the distribution date will be announced later.

The eligibility of Cash dividends will be to Shareholders who own the company shares on the Eligibility date and are enrolled in the Company’s register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later

The company drawn the attention of non-resident investors that the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.

Baazeem Trading Co. urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends.