Tam Development Co. announces the distribution of cash dividend for Fiscal year ending December 31, 2022
Tam Development Company announces the distribution of cash dividend for fiscal year 2022
Date of the board’s decision
2023-07-11 Corresponding to 1444-12-23
The Total amount distributed
Number of Shares Eligible for Dividends
Dividend per share
85. SAR Per Share
Percentage of Dividend to the Share Par Value (%)
The eligibility for dividends will be for the shareholders who own the company’s shares at the end of the second trading day following the day of the company’s general assembly meeting (which will be announced later) and who are registered in the company’s shareholder register with the Edaa Center Company.
The distribution date will be announced later.
We kindly request all shareholders to update their bank details to ensure that the cash dividends due are deposited directly into their accounts.
The Company would also like to draw its shareholders' attention to the following regulation regarding the payment of dividends: For foreign non-resident investors the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law.
If any Tam Development Company’s shareholder has any query relating to this dividend distribution, please contact the Shareholder Relations Department via email: [email protected]