Element List Explanation
Introduction East Pipes Integrated Company for Industry announces the board of director’s recommendation to the general assembly to distribute cash dividends for FY 2024
Date of the board’s recommendation 2024-05-23 Corresponding to 1445-11-15
The Total amount distributed SAR 47,250,000 million
Number of Shares Eligible for Dividends 31,500,000
Dividend per share SAR 1.5 per share
Percentage of Dividend to the Share Par Value (%) 15 %
Eligibility date The eligibility of the dividends shall be for the shareholders who own the shares registered in the company’s shareholder register in EDAA center, at the end of the second trading day after the date in which the Company’s General Assembly is convened, which will be announced later
Distribution Date Distribution date will be announced later, once General Assembly approves dividends distribution recommendation
The name of other official authorities and the details of their non-refusal to the recommendation or decision Not applicable
Additional Information The Company would like to inform its Shareholders of the necessity of updating their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their cash dividends are deposited in their accounts with the banks on the distribution day after obtaining the General Assembly’s approval.
We would like to draw the attention of non-resident foreign investors to the fact that the cash distributions are transferred through the resident financial intermediary, and when transferred or credited in his account, are subject to a withholding tax of 5% in accordance with the provisions of Article (68) of the tax system and Article (63) of its implementing regulations.
In the event of any inquiries, please contact the Investor Relations DepartmentPhone: + 966 (13) 8616704
Email: IR@eastpipes.com