The Board of Directors of Yamama Cement Company recommended to the General Assembly to distribute a cash dividend for the fiscal year 2022 AD of 10%, or one riyal per share.

The company’s statement, published on the website of Saudi Tadawul, said that the total amount distributed is 202.5 million riyals, distributed among 202.5 million shares eligible for dividends.

Yamama Cement Turned 134 Million Rials Profitable in Q4

Yamama Cement stated that profits will be paid to the company’s shareholders registered with the Deposit Center at the end of the second trading day from the date of the company’s general meeting.

The date of the general meeting of the company will be determined after obtaining regulatory approvals from the relevant government authorities.

Yamama Cement stated that, in respect of non-resident investors, cash dividends that are transferred through or credited to a resident financial intermediary are subject to a withholding tax of 5% in accordance with the provisions of Article 68 of the tax system and Article 63 of its implementing regulations.

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