At the end of every financial year and based on the Board Directors’ recommendation, the General Assembly decides to distribute dividends, that normally announce through local newspapers and SAMA internet screen. According to the companies by laws, dividends distribution starts within a month from the General Assembly decision either by direct transfers, checks sent through the shareholders provided address or shareholders direct contact to the assigned bank.
In order to make the dividends distribution easier and efficient the company takes the following steps:
The announcement of the per share distribution timing and the assigned distributing bank through the local newspapers.
Request that every shareholder to update his/her information by filling the shareholders information form.
The shareholders are encouraged to provide their current addresses so that their dividends proceeds can be mail to them through a register mail.
Shareholders who did not receive their dividend should fill the dividends transfer form click here, so their proceeds be transfer to their provided bank account.
It is agreed with National Commercial Bank to pay the Shareholders dividend for all years from 1974 up-to-date from any branch in the Kingdom of Saudi Arabia.