Retal Urban Development Co. announces the board of director’s decision to distribute cash dividends for the second half of 2023

Retal Urban Development Co. announces the board of director’s decision to distribute cash dividends for the second half of 2023

28 February 2024 08:05 AM

RETAL

4322

-0.13%

7.98

-0.01

Element List

Explanation

Introduction

Retal urban development board of directors’ resolution regarding the distribution of cash dividends to the shareholders for the second half of 2023

Date of the board’s decision

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

The Total amount distributed

80,000,000 Saudi Riyals

Number of Shares Eligible for Dividends

500,000,000 Shares

Dividend per share

0.16 Saudi Riyals

Percentage of Dividend to the Share Par Value (%)

16 %

Eligibility date

The eligibility date shall be at the end of trading day 05 May 2024 corresponding to 26 Shawwal 1445H for the shareholders registered in depository Center (Edaa) at the end of the second trading day following the eligibility date

Distribution Date

16 May 2024 Corresponding to 08 Dhul-Qi'dah 1445H

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

Not applicable

Additional Information

We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with