Fitaihi’s BOD Recommends the Disbursement of Cash Dividends to its Shareholders for the Fiscal Year 2022
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| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Fitaihi Holding Group announces the recommendation of the Board of Directors to distribute cash dividends to its shareholders for the fiscal year 2022, from the balance of retained earnings, as follows: |
| Date of the board’s decision | 2023-01-01 Corresponding to 1444-06-08 |
| The Total amount distributed | 11,000,000 SAR |
| Number of Shares Eligible for Dividends | 27,500,000 |
| Dividend per share | 40 Halals per share |
| Percentage of Dividend to the Share Par Value (%) | 4 % |
| Eligibility date | Dividends will be paid to the shareholders of the Company who own the shares at the end of the trading day of the General Assembly Meeting date (that will be announced later after obtaining the necessary official approvals) and who are registered in the Company’s Share Register with the Securities Depository Center Company (EDAA) at the end of the second trading day following the date of the General Assembly Meeting. |
| Distribution Date | The disbursement date of dividends will be announced later. |
| Additional Information | The disbursement of dividends will be made through direct transfers to the local bank accounts linked to the shareholders’ portfolios. The Company is pleased to remind its valued shareholders to update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividends are deposited directly into their accounts on the day of distribution. In case of inquiries, please contact CG & IR Dept. at (0122604200). We would like to draw the attention of the Company’s shareholders that they can inquire about their uncollected dividends and compensations, if any, using the below-mentioned link: http://www.fitaihi.com.sa/dividends/ Non-resident foreign investors should note that cash dividends transferred through the resident financial brokers are subject to a 5% Withholding Tax when transferred or credited to their accounts. This practice is as per Article No. (68) of the Tax System and Article No. (63) of its Executive Regulations. |
