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Riyadh Cement Co. Announces an update on BOD recommendation to distribute cash dividends for The second half of 2023
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Riyadh Cement Company on 11-12-2023 G, regarding distribute cash dividends to shareholders for the second half of 2023 G at the rate of 0.75 Saudi Riyal per share, which represents 7.5% of the par value of the share amounting to SAR 90 millions, the company is pleased to announce to its shareholders that the dividends will be distributed starting from Tuesday 30-04-2024 G by direct transfer to bank accounts linked to shareholders' investment portfolios. The eligibility of dividend was for the shareholders who owned the shares as at the market close on Tuesday 23-04-2024 G (eligibility date) and who are registered in the Company’s shareholders register at Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. If you have any issue regarding deposit, please contact us at Tel: 011-2611717 Additional Information: The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day. We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law and article (63) of its implementing regulation. |
| Previous Announcement | BOD recommendation to distribute cash dividends for The second half of 2023 |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-12-11 Corresponding to 1445-05-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | the company is pleased to announce to its shareholders that the dividends will be distributed starting from Tuesday 30-04-2024 G by direct transfer to bank accounts linked to shareholders' investment portfolios. The eligibility of dividend was for the shareholders who owned the shares as at the market close on Tuesday 23-04-2024 G (eligibility date) and who are registered in the Company’s shareholders register at Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
The Capital Market Authority and Saudi 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.
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Last Price 27.6
Net Change 0.1 (+0.36%)
Value Traded (Sar) 3,159,839.15
Volume Traded 114,726
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