Zain KSA to Begin Distributing 2023 Dividends on July 18

Mobile Telecommunication Company Saudi Arabia “Zain KSA” announced on Wednesday that dividends for 2023 will be distributed on July 18, 2024, by automatically depositing in the investment accounts linked to shareholders’ portfolios at all banks. The dividend value is 0.5 SAR per share, representing 5% of the nominal value per share.

Cash dividend eligibility is for shareholders who own company shares by the end of the trading day of the General Assembly and are registered in the company’s shareholder record at the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.

The company urges shareholders to update their data and ensure bank account numbers are linked to their investment portfolios to prevent any delays in receiving dividends.

This follows Zain KSA’s announcement on July 1, 2024, regarding the results of the Extraordinary General Assembly Meeting held on June 30, 2024, which included the approval of the Board of Directors’ recommendation to distribute cash dividends for the fiscal year ending December 31, 2023, amounting to SAR 449,364,588