Al-Dawaa BOD decides to distribute 106.25 million riyals in ‎cash dividends for H2,2023‎

Al-Dawaa Medical Services Company announced the Board of Directors’ decision to distribute cash dividends to shareholders for the second half of 2023, with a total amount of 106.25 million riyals, with the share of the distribution being 1.25 riyals, and a distribution ratio to the nominal share value of 12.5%.

The company said in a statement today on “Tadawul” that the number of shares eligible for dividends is 85 million shares, and the distribution date will be February 25, while the eligibility date will be February 12.

The company asked its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited in their bank accounts on the distribution day, pointing out to non-resident investors in the Kingdom that the profits that the company will pay to them will be subject to a withholding tax of 5% when those profits are transferred or deposited in their bank accounts, in accordance with the provisions of the income tax system and its executive regulations.