Bin Dawood distributes SAR 114.3 mln in cash dividends for H1

BinDawood Holding Co. announced on Wednesday the distribution of cash dividends for the First Half of the Financial Year 2023, with SAR 114.3 million

The number of shares entitled to dividends reached 1.14 billion shares, at 0.1 riyals per share, and the eligibility of dividends distribution shall be for the shareholders who own shares by the end of the trading day on Thursday 16/11/2023 and registered with the Securities Depository Center (Edaa) at the end of the second trading day following the date of entitlement, while the distribution date is November 30, 2023.

The Company would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which will be transferred by the resident financial broker is subject to withholding tax of (5%), in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations.

Furthermore, the Company would like to remind its shareholders to update their information and to link their bank account numbers to their investment portfolios to ensure the timely distribution of their cash dividends without any delay.

Distribution of dividends will be made through direct transfers to the local bank accounts linked to the shareholders’ portfolios.