Alkhaleej Training and Education Company announces the date and mechanism for distributing cash dividends to shareholders for the year 2019Announces
Referring to the announcement of Al-Khaleej Training and Education Company on Tadawul website on 02/08/1441 AH corresponding to 26/03/2020 AD regarding distributing cash dividends to shareholders for the fiscal year 2019 with a total amount of (11.250,000) Saudi riyals at (0.25) quarter riyals for each A share which is equivalent to (2.5%) of the nominal value of the share, which was approved by the Ordinary General Assembly of Shareholders which was held on 12/09/1441 AH corresponding to 05/05/2020 AD,
Accordingly, the company would like to announce to its honorable shareholders that, God willing, the due profits will be distributed on Tuesday 26/09/1441 AH corresponding to 19/05/2020 for the shareholders who own the shares at the end of the trading day of the meeting of the association (due day) and who are registered in the company’s shareholders ’record with The Securities Depository Center Company (the Deposit Center) at the end of the second trading day following the due date.
The Arab National Bank will process the process of distributing profits to those who are entitled by direct transfer to the investment accounts associated with the portfolios of shareholders with all banks.
We direct the shareholders ’attention to the need to update their data and ensure that their bank account numbers are linked with their investment portfolios before the date of disbursement to ensure that their outstanding earnings are deposited directly into their bank accounts, bearing in mind that cash payments and returns can be received from all branches of the Arab National Bank in the Kingdom after the date of 26/09 1441 AH corresponding to 19/5/2020 AD
In case of any other inquiries regarding profits, please contact the Arab National Bank on the phone (8001244141)
We would like to draw the attention of non-resident foreign investors to the fact that the cash dividends that are transferred through the resident financial intermediary are subject to transfer tax or withholding at a rate of (5%) according to the provisions of Article (68) of the tax system and Article (63) of its regulations. Executive
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.