- Saudi Aramco Base Oil Company - Luberef announces the board of directors' recommendation to distribute cash dividends to shareholders for the second half of 2022.
According to the company’s website press release on February 16, 2023, the Company calls upon its Shareholders to update their data 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.
The Company would like to draw the attention of non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.
Accordingly, the Company emphasize to non-resident shareholders who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate this to the Company within 5 five calendar days from the date of the general assembly meeting and to provide the Company with all documents supporting the tax exemption.
Corresponding to-1444-07-25
The Total amount distributed-SR 841,285,750
Number of Shares Eligible for Dividends-168,257,150
Dividend per share-5 SAR
Percentage of Dividend to the Share Par Value (%)-50 %
Eligibility date
The eligibility date of the dividends shall be at the end of trading day of the Company General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date.
Distribution Date Distribution date will be announced later.
For more inquiries, please contact Investor Relations Department at:
Tel: 920003550
E-mail: ir@luberef.com
