Introduction
Marble Design Factory Company announces the recommendation of the Board of Directors to distribute cash dividends to shareholders for the second half of 2023
Board Recommendation Date: 1445-08-17 corresponding to 2024-02-27
Total amount distributed: 10200000
Number of shares eligible for dividends: 6000000
Share of the distribution: 1.7
Distribution ratio to nominal share value (%): 17%
Eligibility History
The eligibility for dividends will be for shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the company's records with the Securities Depository Centre (CDC) by the end of the second trading day following the day of the Annual General Assembly, which will be announced later.
Distribution date: To be announced later
Name of other official bodies and details of their objections to the recommendation or decision: None
Additional Information
We also draw the attention of non-resident foreign investors to the fact that cash dividends transferred through the resident financial intermediary are subject to 5% withholding tax in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations. The Company urges its shareholders to update their details and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividends are deposited without delay. In case of any inquiries, please contact Investor Relations by email: IR@md.sa