Umm Al-Qura Cement Co. announces the distribution of cash dividend for second half of 2020

Introduction The Board of Directors of Umm Al-Qura Cement Company has recommended to the General Assembly during its meeting held on 26 Rajab 1442 (10 March 2021), to distribute cash dividends to the shareholders for the Second Half of 2020 as per the following:
Date of the board’s decision 2021-03-10 Corresponding to 1442-07-26
The Total amount distributed 22000000
Number of Shares Eligible for Dividends 55000000
Dividend per share SAR 0.40 per Share
Percentage of Dividend to the Share Par Value (%) 4 %
Eligibility date The eligibility of Cash dividend will be to 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 of the day of the General Assembly of the company, which will be announced later.
Distribution Date Details of dividend distribution date : shall be announced later on.
Additional Information The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day. 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 the provisions of article 68 of the income tax law and article 63 of its implementing regulation.