Qassim Cement Company Announces the Resolution of its Board of Directors to Distribute Cash Dividends to its Shareholders for the Third Quarter of Year 2024
| Element List | Explanation |
|---|---|
| Introduction | Qassim Cement Company Announces the Resolution of its Board of Directors to Distribute Cash Dividends to its Shareholders for the Third Quarter of Year 2024. |
| Date of the board’s decision | 2024-11-19 Corresponding to 1446-05-17 |
| The Total amount distributed | 71,344,421 SAR |
| Number of Shares Eligible for Dividends | 109,760,647 Shares |
| Dividend per share | 0.65 SAR per Share |
| Percentage of Dividend to the Share Par Value (%) | 6.5 |
| Eligibility date | 2024-11-28 Corresponding to 1446-05-26 |
| Distribution Date | 2024-12-15 Corresponding to 1446-06-14 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
| Additional Information |
Distribution will be, through direct transfer to bank accounts linked to shareholders’ portfolios, thus the company remind the shareholders to update their data with banks that have their accounts in to ensure that their future profits are deposited directly.
For non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the nonresident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations. In case of any inquiries, please contact the Shareholders Relations Section by phone with number 0163160026 or 0163165513 or by post mail to the company's national address 4266 Buraydah 52271 - 6735 or kindly visit the Shareholders Relations Section at the company's headquarters - Buraydah - Tarfia Road - headquarters building / second floor. |
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Qassim Cement Company is a Saudi Joint Stock company, established in accordance with the Royal Decree No. M/62 on 15 Shaban, 1396H. (August 11, 1976) and registered in Buraydah City under commercial registration number 1131001224 on 28 Shaban, 1398 (August 2, 1978). On 4 of Dhu al-Hijjah 1445 AH (June 10, 2024), Qassim Cement Company announced the completion of the acquisition of Hail Cement Company (HCC) by increasing its capital through the issuance of new shares to Hail Cement Company shareholders.
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Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia
Phone : (+966) 16 316-5555
Fax : (+966) 16 381-6041
Email : qcc@qcc.com.sa
