Arabian Plastic Industrial Co. announces the board of director’s recommendation to distribute interim cash dividends for the First half of the fiscal year 2025
| Element List | Explanation |
|---|---|
| Introduction | Arabian Plastic Industrial Company (APICO) announces the Board of Directors recommendation to the General Assembly for the distribution of interim cash dividends to the shareholders for the first half of the fiscal year 2025 |
| Date of the board’s recommendation | 2025-08-13 Corresponding to 1447-02-19 |
| The Total amount distributed | SAR 7,500,000 |
| Number of Shares Eligible for Dividends | 7,500,000 Shares |
| Dividend per share | 1 SAR |
| Percentage of Dividend to the Share Par Value (%) | 10 |
| Eligibility date | The eligibility for cash dividends to shareholders who own shares on the eligibility date and are registered in the company's shareholders' register with the Securities Depository Center Company (Edaa) will be at the end of the second trading day following the day of the company's general assembly, which will be announced later. |
| Distribution Date | It will be announced later after the General Assembly approves the recommendation of the Board of Directors. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The company request its valued shareholders to updated and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited in their accounts with banks on the day of distribution.
In addition, the company draws the attention of foreign shareholders who are not residents of the Kingdom to the fact that cash distributions are subject to withholding tax at the rate of 5% when transferred or credited in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.
In case of any inquiry, we hope to contact the Investor Relations Department during official working hours: Mobile: 0554160442 Email: [email protected] |
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