SHL Finance BOD recommends distribution SAR 50 million cash dividend for the fiscal year 2022

SHL Finance company announced the recommendation of its Board of Directors to distribute SAR 50 million cash dividends to shareholders for the year 2022, provided that the share of the share from the distribution is SAR 0.50 riyals, and with a distribution ratio to the nominal share value of 5%.

The company said in a statement on Tuesday on “Tadawul” that the number of shares elegible for dividends is 100 million shares, and the distribution date will be determined later after obtaining the approval of the General Assembly.

The eligibility of dividend shall be at the end of the trading day on the day of the General Assembly Meeting (to be announced later on) for the Shareholders registered at the Securities Depository Center (Edaa) by the end of the second trading day following the Shareholders Assembly Meeting date.

None resident foreign investors should note that cash dividend that are transferred through resident financial intermediary are subject to Withholding Tax when transferred or deposited at a rate of 5% as stipulated in the provision of Clause (68) of the Income Tax Law and Clause (63) of the Implementing Regulation.