Pan Gulf Marketing Co. announces the board of director’s recommendation to distribute cash dividends for Fiscal year 2024
| Element List | Explanation |
|---|---|
| Introduction | Pan Gulf Marketing Company announces the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year ending 2024 |
| Date of the board’s recommendation | 2025-04-13 Corresponding to 1446-10-15 |
| The Total amount distributed | 7,500,000 Saudi Riyals |
| Number of Shares Eligible for Dividends | 7,500,000 shares |
| Dividend per share | 1 Saudi Riyal per share |
| Percentage of Dividend to the Share Par Value (%) | 10 |
| Eligibility date | The eligibility for cash dividends will be for shareholders who own shares on the due date and are registered in the company’s shareholders’ register with the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the company’s general assembly meeting, which will be announced later. |
| Distribution Date | The distribution date will be announced later, after the General Assembly approves this recommendation. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The company's management would like to inform its valued shareholders of the necessity of updating their bank details to ensure that cash dividends are deposited directly into their accounts.
We would also like to inform our non-resident foreign shareholders that cash dividends transferred through a resident financial intermediary will be subject to a 5% withholding tax upon transfer or crediting to their bank account, in accordance with the provisions of Article (68) of the Tax Law and Article (63) of its Executive Regulations.
We are pleased to receive questions and inquiries from valued shareholders through the following communication channels:
customerservicecont@pangulfmarketing.com |
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