BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2018G
|Announcement Detail||Bupa Arabia for Cooperative Insurance announces that, further to the Tadawul announcement of 30/04/2019G, and in line with the approval of the General Assembly Meeting of 30/06/2019G, which results announced on 01/07/2019G, the process of the 2018 fiscal year Dividend distribution will be as follows: |
1.Total amount of distribution of dividend: SAR 180,000 thousands
2. Number of shares eligible for dividends: 120,000,000 shares
3. Dividend per share SAR 1.50
4. Dividend represents: 15% of the face value of the share
5.The eligibility for the dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Edaa) two days after the date of the General Assembly Meeting which approved the dividends, and the dividend will be dispensed and deposited in the shareholders' portfolios with effect from 14/07/2019G, through direct deposit via the Riyad Bank.
The Company draws to the attention of the shareholders that their dividends will be directly deposited in their bank accounts, and recommends those who don't have a bank account tied to their portfolio to check their bank accounts with Riyad Bank branches to collect their dividend payment.
The Company would also like to draw its shareholders' attention to the following regulation regarding the payment of dividends: For foreign non-resident investors the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law.
If any Bupa Arabia shareholder has any query relating to this dividend distribution please contact the Company, via fax, to +966 (0) 12 692 0525, or via e-mail, to email@example.com.
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.