Arabian Centres Co. announces the distribution of cash dividend for the first half ended on 30 September 2019 of the financial year 2020
|Introduction||Arabian Centres Co. (the “Company”) is pleased to announce its Board of Directors decision (according to the authorization given to the BoD by the Company’s EGM on 30 September 2019 to distribute interim dividend) to distribute dividend to the shareholders for the first half ended 30/09/2019 of the fiscal year 2020, and that is as follows:|
|Board Resolution Date||2019-12-06 Corresponding to 1441-04-09|
|Total Amount of Dividend Distributed||SAR 427.5 Million|
|Number of Shares Eligible for Dividends||475 Million Shares|
|Dividend per share||SAR 0.90|
|Percentage of Dividend to the Share Par Value (%)||9.0 %|
|Additional Information||The eligibility of dividend shall be for the shareholders at the close of trading on (Monday) 16/12/2019, and as per the registered shareholders in the register of The Securities Depository Center Company at the end of the second trading day following the eligibility date. |
The distribution will be through SABB branches by direct bank transfer to shareholders bank accounts linked to their portfolios. For the shareholders who own investment portfolios linked with bank accounts that do not accept bank transfer, they must go to any SABB branches along with their National ID (for Saudis) or Iqama (for none Saudis) to collect their dividends directly from the bank. ACC urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends.
We would like to draw the attention to the foreign non-resident investors that the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.
In case of the non-receiving of the dividend on the mentioned distribution date above, please dial SABB on the toll-free number (920007222) or visit its nearest branch or contact the Investor Relations Department at the Arabian Centres Co.
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.