News & Announcements

FIRST MILLS

23 July, 2024 08:26

First Milling Co. announces the board of director’s decision to distribute cash dividends for First Half of 2024

Element List	Explanation
Introduction	First Milling Company announces the Board of Directors' resolution to distribute cash dividends to shareholders for the First Half of 2024
Date of the board’s decision	2024-07-22 Corresponding to 1446-01-16
The Total amount distributed	SAR 86,025,000
Number of Shares Eligible for Dividends	55,500,000 Shares
Dividend per share	SAR 1.55
Percentage of Dividend to the Share Par Value (%)	15.5
Eligibility date	2024-07-30 Corresponding to 1446-01-24
Distribution Date	2024-08-13 Corresponding to 1446-02-09
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 announce to its valued shareholders that dividends will be distributed by automatically depositing into their investment accounts linked to the shareholders’ portfolios at all banks through Edaa Securities Center Company. Knowing that Eligibility shall be at the end of the trading day 30-07-2024 Corresponding to 24-01-1446 for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the eligibility date 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. Therefore, the Company urges non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the Investor Relations Department, and to provide documents supporting tax exemption. The company calls on its valued shareholders to update their data and ensure that bank account numbers are linked to investment portfolios to ensure that their profits are reached without delay. In case of any inquiries or further details, please contact investor relations at (920010375 or +966-500071583) during working hours or email us at: IR@firstmills.com

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