News & Announcements

SAUDI TOP

25 June, 2024 09:19

Saudi Top for Trading Co. announces the board of director’s recommendation to distribute cash dividends for Second half of fiscal year 2023

Element List	Explanation
Introduction	Saudi Summit Trading Company announced the recommendation of its Board of Directors to distribute cash dividends to the company’s shareholders other than shareholder Abdullah Muhammad Al-Ajmi, who waived his profits for the second half of the fiscal year 2023.
Date of the board’s recommendation	2024-06-24 Corresponding to 1445-12-18
The Total amount distributed	7,200,000
Number of Shares Eligible for Dividends	12,000,000
Dividend per share	0.6
Percentage of Dividend to the Share Par Value (%)	60
Eligibility date	Eligibility for cash dividends will be for shareholders who own shares on the date of entitlement and who are registered in the company’s shareholder registry with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the day of the company’s general assembly, which will be announced later.
Distribution Date	Will be announced later
The name of other official authorities and the details of their non-refusal to the recommendation or decision	N/A
Additional Information	The company would like to draw the attention of foreign shareholders who are not residents of the Kingdom to the fact that the cash distributions that will be transferred through the resident financial broker are subject when transferred or recorded, to a withholding tax of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations. The company also calls on its valued shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios so that their profits are deposited in their accounts with banks on the day of distribution.

Other Announcements

SAUDI TOP

2024-06-27

Addendum Announcement from Saudi Top for Trading Co. in regards to the Results of the Ordinary General Assembly Meeting, (First Meeting)

2024-06-27

intelligent Oud Company for Trading Announces the start of the electronic voting on the items of the Extra Ordinary General Assembly’s Meeting (First Meeting) through means of modern technology (Reminder Announcement)

2024-06-27

Second mid-stabilisation announcement by Merrill Lynch Kingdom of Saudi Arabia in connection with the secondary offering of shares in Saudi Arabian Oil Company (Saudi Aramco)