Saudi Automotive Services Company (SASCO) announces the method of additional dividends distribution for the financial year 2021

Saudi Automotive Services Company (SASCO) announces the method of additional dividends distribution for the financial year 2021

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|Announcement Detail|| With reference to what was approved by 39th Ordinary General Assembly which was held on Tuesday June 14, 2022 and its approval of Board’s recommendation to distribute additional cash dividends to shareholders for the fiscal year ended on 31 Dec. 2021 at SR 0.25 per each share equivalent to 2.5% of SASCO capital in a total amount of SR 15 million. The entitlement would be for shareholders registered with the Securities Depository Centre Company (Idaa) by the end of the second trading day following the date on which the ordinary general assembly convened.

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Saudi Automotive Services Company (SASCO) is pleased to announce to the shareholders of the company the commencement of the disbursement of cash dividends starting on Wednesday June 29, 2022 by Saudi British Bank, as follows:

1. Dividends deposited directly into the accounts of the shareholders with investment portfolios linked to a bank account with a local bank.

2. Pay the dividends directly by checking one of the Saudi British Bank branches for each of:

- Shareholders with investment portfolios not linked to bank accounts.

- Shareholders holding certificates (who do not have investment portfolios) according to the share certificate.

The company calls upon its shareholders to update their data and