Fitness Time GA to distribute SAR 49.7 million cash dividend for Q3

Leejam Sports Company (Fitness Time) announced the Board of Directors’ resolution to distribute cash dividends to the company’s shareholders for the third Quarter Of 2023, equivalent to 9.5% of the share par value.

The number of shares eligible for dividends reached 52.3 million shares at SAR 0.95 per share. Provided that the eligibility of dividends shall be for shareholders who own the shares at the close of trading on 31 October 2023 and as per the company shareholders register with the Securities Depository Centre Company at the end of the 2nd trading day following the eligibility date. The distribution date is 14 November 2023.

According to the statement published on Tadawul, the dividends will be distributed through the Securities Depository Centre Company, which will transfer the dividends to the investment portfolios through the custody members. To ensure that the dividends are deposited in the investment portfolios without delay, the company would like to remind all shareholders of the need to ensure that their data is updated with the custody members.

The company would like to draw the attention of non-resident investors that the distribution of cash dividends is subject to a withholding tax of 5% upon transfer or crediting the amount to their account in accordance with the provisions of the Income Tax Law and its Implementing Regulation.