‎“First Mills” BOD decides to distribute SR 76 million cash ‎dividends for H1‎

The Board of Directors of the First Milling Company decided, in its meeting held on July 27, 2023 AD, to distribute interim cash dividends to shareholders for the first half of the year 2023 AD, with a total amount distributed of 76 million riyals, provided that the share of the distribution is 1.37 riyals per share, at a rate Distribution to par value of the share 13.7%.

The company said in a statement today on “Tadawul” that the number of shares eligible for dividends is 55.5 million shares, and the distribution date will be August 14, 2023.

The eligibility for dividends will be for shareholders who own shares at the end of trading on Monday (the date of the announcement) Muharram 14, 1445 AH, corresponding to July 31, 2023 AD, and who are registered in the company’s shareholder register with the Securities Depository Center Company at the end of the second trading day following the date of the Board of Directors meeting.

The company drew the attention of non-resident foreign investors to the fact that the cash dividends that are transferred will be subject to a withholding tax of 5% in accordance with the provisions of Article -68- of the income tax system and Article -63- of its implementing regulations.