National Shipping Company of Saudi Arabia (Bahri) announces the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2023

National Shipping Company of Saudi Arabia (Bahri) announces the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2023

Element List

Explanation

Introduction

The Board of Directors of the National Shipping Company of Saudi Arabia recommended in its meeting held on 09/08/1445 H corresponding to 18/03/2024 to the General Assembly to distribute cash dividends to shareholders for the fiscal year 2023.

Date of the board’s recommendation

2024-03-18 Corresponding to 1445-09-08

The Total amount distributed

406,054,687.5

Number of Shares Eligible for Dividends

738,281,250 shares

Dividend per share

0.55

Percentage of Dividend to the Share Par Value (%)

5.5 %

Eligibility date

The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the Company’s General Assembly, which will be announced later.

Distribution Date

The distribution date will be announced later after the General Assembly approves the Board of Directors’ recommendation.

The name of other official authorities and the details of their non-refusal to the recommendation or decision

Not applicable

Additional Information

The company calls upon its shareholders