Sulaiman Al Habib Board Approves 409.5 Million Riyals in Q1 Cash Dividends

The Board of Directors of Dr. Sulaiman Al Habib Medical Services Group decided on May 18, 2024, corresponding to 10th Dhu Al-Qadah 1445H, to distribute cash dividends to shareholders for the first quarter of 2024, equivalent to 11.7% of the nominal value of the share.

The number of shares eligible for dividends is 350 million, with each share receiving 1.17 riyals. Eligibility for the dividends is set at the end of trading on Thursday, May 23, 2024, with distribution scheduled for Monday, June 10, 2024.

The company urges non-resident investors with tax exemptions on dividends, as issued by the Zakat, Tax, and Customs Authority, to contact the Investor Relations Department to provide documents supporting their tax exemption status.

Additionally, the company informs non-resident investors that cash distributions are subject to a 5% withholding tax in accordance with Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.