Addendum Announcement from Herfy food service regarding the Date method and Mechanism for Dividends Distribution to Shareholders for First Half of 2019
|Introduction||With reference to previous herfy food service announcement on the Tadawul website on 12 /9/2019 , that its Board of Directors had decided the distribution of a cash dividend to shareholders for the first half of 2019. This dividend to be at a rate of SR (1) per share. This represents (10%) of the shares Nominal value and the total amount of the dividend paid will amount to SR (64,680,000)|
|Date of Posting the Previous Announcement of Development on Tadawul's Website||2019-09-12 Corresponding to 1441-01-13|
|Change on the Development||Herfy food service company is pleased to announce that Al-Rajhi Bank will start on Thursday, October 24, 2019 to distribute this dividend to shareholders by crediting such dividends to the eligible shareholders’ accounts linked to their investment portfolios. |
For shareholders who are non-resident foreigner of the Kingdom, (5%) of the value of the dividends paid will be deducted as with-holding tax in accordance with the provisions of article 68 of the Zakat and Income Tax regulations.
|Financial Impact on the change||N/A|
|Additional Information||For any further questions relating to this dividend distribution, please contact Al-Rajhi Bank at 8001228888 or visit the nearest bank branch|
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