Aljazira Takaful Taawuni Co. announces the board of director’s recommendation to distribute cash dividends for the Fiscal Year 2024
| Element List | Explanation |
|---|---|
| Introduction | Aljazira Takaful Board of Directors recommend the distribution of cash dividends to company shareholders for the fiscal year 2024 |
| Date of the board’s recommendation | 2025-04-03 Corresponding to 1446-10-05 |
| The Total amount distributed | 19,800,000 |
| Number of Shares Eligible for Dividends | 66,000,000 |
| Dividend per share | SR 0.30 (30 Halala) |
| Percentage of Dividend to the Share Par Value (%) | 3 |
| Eligibility date | The eligibility of the dividends shall be for the shareholders who own the shares registered in the company’s shareholder register at the end of the second trading day after the date in which the Company’s General Assembly is convened, which will be announced later. |
| Distribution Date | Distribution date will be announced later, once General Assembly approves dividends distribution recommendation. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | AJT has obtained no-objection from the Insurance Authority on distribute cash dividends to shareholders for the fiscal year 2024. |
| Additional Information | We would like to draw the attention of the non-resident investors, which the cash dividend distribution which will be transferred by the resident financial broker is subject to withholding tax of (5%), in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations
Aljazira Takaful calls upon its Shareholders to update their information and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend are deposited in their accounts with the banks on the distribution day. |
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