Sipchem Announces the Date and Mechanism of Dividends Distribution of to the Shareholders for the year of 2017
Wednesday, April 11, 2018
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This has reference to Sipchem announcement in Tadawul website on April 02, 2018 regarding General Assembly approval on Board of Directors recommendation to distribute cash dividends to shareholders for year 2017 a rate of SR 0.50 per each share representing 5% of the shares nominal value, with a total amount of SR 183,333,333.
Hence, Al-Rajhi Bank will start distributing the dividends to shareholders by crediting such dividends to the eligible shareholders accounts linked to their investment portfolios starting April 15, 2018. As for shareholders who are non-residents in the Kingdom as per the article (68) of the Zakat and Income Tax Department a 5% of the value of total dividends will be deducted regulations.
For any further questions about dividends distribution, you can contact directly Al-Rajhi Bank at 8001228888 or visit the nearest bank branch.
For more assistant, you contact the Investor Relations Department - Sipchem:
Tel: (013) 8019373 Fax: (013) 3599610, PO. Box 130 Khobar 31952, e-mail [email protected]