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Banan Real Estate Co. Announces the method of dividends distribution for the period ending on 30/06/2021


Element List Explanation
Announcement Detail Reference to the company’s announcement on the Tadawul website on 15/3/1443 AH corresponding to 21/10/2021 AD regarding the results of the Ordinary General Assembly meeting, which included approving the distribution of cash dividends to the company’s shareholders for the Period ending on 30/06/2021 at the rate of (0.25) twenty five Halala per share with a total value of (5,000,000) five million riyals, at a rate of (2.5%) of the capital, provided that the eligibility is for the shareholders who own the company’s shares on the day of the assembly and are registered in the company’s shareholders register with the Securities Depository Center Company (Depository Center) at the end of The second trading day following the day of the assembly, which was held on Wednesday 20-10-2021.    Accordingly, the company would like to announce to its valued shareholders that dividends will be distributed automatically by depositing in the investment accounts linked to the shareholders’ portfolios at all banks, starting on Thursday 04-11-2021 AD corresponding to 29-03-1443 AH, through Securities Depository Center Co., Edaa.   We also draw the attention of non-resident foreign investors to the cash dividends that transferred through the financial intermediary, the values that take place upon transfer or when they credited to his account for withholding tax at a rate of 5% according to Article (68) of the tax system and Article (63) of its executive regulations.   The company calls on its valued shareholders to update their data and ensure that the bank account numbers are linked to the investment portfolios to ensure that their profits reach without delay. In case of any inquiries, please contact investors relations at (0114808085)