Middle East Specialized Cables Co. announces the board of director’s recommendation to distribute cash dividends for the first half of fiscal year 2025
| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Company (MESC) announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends to shareholders for the first half of the fiscal year 2025 |
| Date of the board’s recommendation | 2025-05-21 Corresponding to 1446-11-23 |
| The Total amount distributed | 20,000,000 SAR |
| Number of Shares Eligible for Dividends | 40,000,000 Share |
| Dividend per share | 0.50 SAR |
| Percentage of Dividend to the Share Par Value (%) | 5 |
| Eligibility date | Eligibility for the cash dividends will be for shareholders who own shares on the entitlement date and who are registered in the Company’s shareholders register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the Company’s General Assembly meeting, which will be announced at a later time |
| Distribution Date | The distribution date will be announced at a later time |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | We would like to draw the attention of non-resident foreign shareholders to the fact that cash dividends transferred through the resident financial intermediary are subject, upon transfer or credit to their account, to a withholding tax of 5%, in accordance with Article (68) of the Tax Law and Article (63) of its Implementing Regulations.
The distribution, God willing, will be made through direct transfer to the bank accounts linked to the shareholders’ investment portfolios. The Company urges all valued shareholders to update their bank information with the banks where their accounts are held to ensure that future dividend payments are deposited directly into their accounts. For any inquiries, please contact the Investor Relations Department via: - Email: IR@mesccables.com - Phone: 0114789840 Ext- 1066 |
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