October 3.. Abu Moati to distribute dividends to shareholders ‎for year ending March 31, 2023‎

Abdullah Saad Muhammad Abu Muti Library Company announced the date and method of distributing profits to shareholders for the fiscal year ending on March 31, 2023. Accordingly, profits will be distributed by automatically depositing them in the investment accounts linked to the shareholders’ portfolios at all banks, starting on Tuesday, October 3. 2023

The company also announced the date and method of distributing (additional) dividends to shareholders for the fiscal year ending on March 31, 2023. Accordingly, profits will be distributed by automatically depositing them in investment accounts linked to shareholders’ portfolios at all banks, starting on Tuesday, October 3, 2023.

The company would like to draw the attention of non-resident foreign investors to the fact that the cash distributions that are transferred through the resident financial intermediary are subject, upon transfer or when credited to his account, to a withholding tax of 5% in accordance with the provisions of Article (68) of the tax system and Article (63). ) from its executive regulations.

The company calls upon its shareholders to update their data and ensure that bank account numbers are linked to the investment portfolios to ensure that their profits reach them without delay.

This comes in reference to the company’s announcement on the Tadawul website on September 21, 2023, regarding the results of the ordinary general assembly meeting, which included the approval of distributing cash dividends to the company’s shareholders for the financial year ending on March 31, 2023, at a rate of (0.50) halala per share. With a total value of 10 million riyals, representing 5% of the capital, the eligibility will be for shareholders who own the company’s shares on the day of the assembly and who are registered in the shareholders’ registry at the Securities Depository Center at the end of the second trading day following the day of the assembly.