Amlak International for Real Estate Finance Co. announces the distribution of cash dividend for for the fiscal year 2019
|Introduction||Amlak International announces the Board of Directors recommendation to distribute cash dividend to its shareholders for the fiscal year 2019.|
|Board Resolution Date||2020-07-07 Corresponding to 1441-11-16|
|Total Amount of Dividend Distributed||(67,950) Million SAR|
|Number of Shares Eligible for Dividends||90,600,000 shares|
|Dividend per share||SAR 0.75 Per share|
|Percentage of Dividend to the Share Par Value (%)||7.5 %|
|Eligibility date||The eligibility of the dividends shall be at the end of trading day of General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date.|
|Distribution Date||The distribution date will be determined following the General Assembly.|
|Additional Information||Non-resident foreign investors should note that cash dividends that are transferred through the residing financial intermediary are subject to Withholding Tax when transferred or deposited at a rate of 5% as stipulated in the provisions of Article (68) of Income Tax Law and (63) of the Implementing Regulation. |
The Company also wishes to remind its valued shareholders to update their information with the banks in which they have their investment accounts, to ensure that future dividends are deposited directly into their accounts.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.