Arabian Centres Co. (Cenomi Centers) announces the distribution of cash dividend for the second half of the fiscal year 2023

Arabian Centres Co. (Cenomi Centers) announces the distribution of cash dividend for the second half of the fiscal year 2023

The eligibility of dividends shall be for the shareholders at the close of trading on 1-Apr-2024, who are registered in the register of The Securities Depository Center Company at the end of the second trading day following the eligibility date. The distribution will be through Saudi Awwal Bank branches by direct bank transfer to shareholders’ bank accounts linked to their portfolios. For the shareholders who own investment portfolios linked with bank accounts that do not accept bank transfers, they must go to any Saudi Awwal Bank branch along with their National ID (for Saudis) or Iqama (for no Saudis) to collect their dividends directly from the bank. ACC 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. We would like to draw the attention to the foreign non-resident investors that the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax