Zahrat Al-Waha Trading Company announces the recommendation of the company’s board of directors on 18 Shaaban 1445 corresponding to 28 February 2024, to distribute cash dividends to shareholders for the year 2023.
Date of the board’s recommendation: 28-02-2024 Corresponding to 18-08-1445
The Total amount distributed: 30,375,000 SR.
Number of Shares Eligible for Dividends: 22,500,000 shares
Dividend per share: 1.35 SR
Percentage of Dividend to the Share Par Value (%): 13.5%
Eligibility date: Eligibility of profits for the shareholders of the company registered with the Securities Depository Center (Tadawul) at the end of the second trading day following the day of the company’s general assembly, and the date of the general assembly will be announced later
Distribution Date: It will be announced later
The name of other official authorities and the details of their non-refusal to the recommendation or decision: N/A
Additional Information: The General Assembly will be invited to vote on a distribution of profits for 2023.
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 a withholding tax of 5% according to the provisions of the Income Tax Law and its Implementing Regulations.
The distribution will be through direct bank transfers to shareholders’ bank accounts linked to their portfolios. The company urges its shareholders to update their data and to make sure to link their bank account numbers to their investment portfolios to ensure the receipt of their cash dividends.
For inquiries, please get in touch with the Investor Relations department:
Email: abd.almohsen@zaoasis.com
Phone: 00966920021203 Ext. 304
