Saudi Electricity Company announces the Board’s recommendation to distribute cash dividends to Shareholders for the fiscal year 2023

Saudi Electricity Company announces the Board’s recommendation to distribute cash dividends to Shareholders for the fiscal year 2023

Element List

Explanation

Introduction

The Board of Directors of Saudi Electricity Company (SEC), in its meeting held on 24-08-1445H (05-03-2024), has recommended to the General Assembly of Shareholders to distribute a cash dividends to the shareholders for the fiscal year 2023.

Date of the board’s recommendation

2024-03-05 Corresponding to 1445-08-24

The Total amount distributed

2,916,615,670.5

Number of Shares Eligible for Dividends

4,166,593,815

Dividend per share

0.70 SAR

Percentage of Dividend to the Share Par Value (%)

7 %

Eligibility date

The eligibility of cash dividends distribution shall be for the shareholders registered at the end of the second trading day after the General Assembly Meeting day, which will be announced later.

Distribution Date

The date of dividend distribution payment will be announced late

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

NA

Additional Information

In according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations, A non-resident in the Kingdom is subject to tax for any amount realized from a