AI Summary
| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Co. announces the Board of directors’ resolution to distribute cash dividends to the shareholders for the first half of 2025, in accordance with the Dividends Distribution Policy for three years period, starting from the second half of 2024, which was approved by the General Assembly on 4-12-2024, by distributing an amount of SAR 0.125 per share on semi-annual basis. |
| Date of the board’s decision | 2025-07-28 Corresponding to 1447-02-03 |
| The Total amount distributed | SAR 140,625,000 |
| Number of Shares Eligible for Dividends | 1,125,000,000 share |
| Dividend per share | SAR 0.125 |
| Percentage of Dividend to the Share Par Value (%) | 25 |
| Eligibility date | 2025-08-07 Corresponding to 1447-02-13 |
| Distribution Date | 2025-08-24 Corresponding to 1447-03-01 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information | The eligibility of dividends distribution shall be for the shareholders who own shares at the end of the trading day, Thursday,7-8-2025, and are registered in the Company’s share registry at the Securities Depository Center Company (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 cash dividends 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 income tax law and Article (63) of its implementing regulation.
The company urges its shareholders to expedite updating their data and ensure that their bank accounts numbers are linked with their investment portfolios to ensure their dividends are deposited in their accounts without delay.
In case of any inquiries, please contact shareholders relation on phone: 0138476112, or email: abdulall@eic.com.sa |
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