Saudi Aramco Base Oil Company – Luberef announces the Board of Director recommendation to distribute cash dividends to shareholders for the Second half of 2023

Saudi Aramco Base Oil Company – Luberef announces the Board of Director recommendation to distribute cash dividends to shareholders for the Second half of 2023

28 February 2024 08:00 AM

Element List

Explanation

Introduction

Saudi Aramco Base Oil Company - Luberef announces the board of directors’ recommendation to distribute cash dividends to shareholders of SR 841,275,250 for the Second half of 2023. This brings the total distributions for 2023 to SAR 10 per share, which is approximately 80% of free cash flow and represents the upper limit according to the performance-linked distribution policy.

Date of the board’s recommendation

2024-02-27 Corresponding to 1445-08-17

The Total amount distributed

SR 841,275,250

Number of Shares Eligible for Dividends

168,255,050

Dividend per share

5 SAR

Percentage of Dividend to the Share Par Value (%)

50 %

Eligibility date

The eligibility date of the dividends shall be at the end of the trading day of the Company General Assembly ( which will be announced at a later date). The distribution will be for the 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 following the due date.

Distribution Date

During 15 Business days