Retailing and Operation Division

Saudi Automotive Services Company (SASCO) announces the distribution of additional cash dividend to the shareholders for financial year 2021

14 April 2022
Retailing and Operation Division

ELEMENT LIST

EXPLANATION

Introduction

The Board of Directors of Saudi Automotive Services Company (SASCO) on 14 April 2022 has recommended to General Assembly a distribution of additional cash dividend to shareholders for the fiscal year 2021 as follows:

Date of the board’s decision

2022-04-14 Corresponding to 1443-09-13

The Total amount distributed

SAR 15,000,000

Number of Shares Eligible for Dividends

60,000,000 Shares

Dividend per share

SAR 0.25

Percentage of Dividend to the Share Par Value (%)

2.5 %

Eligibility date

The eligibility of dividends shall be for the shareholders registered in the Securities Depository Center (Edaa) at the end of the second trading day following the date of the General Assembly (which will be announced later).

Distribution Date

Will be announced later

Additional Information

SASCO refer that it had distributed interim dividends to the shareholders for the first half of 2021 (0.30 SAR) per share, equivalent to 3% of the company's capital, with a total amount of (18 million SAR), and it was distributed according to the company's announcement on September 16, 2021.

 

In addition, for Q3 of 2021 (0.20 SAR) per share, equivalent to 2% of the company's capital, with a total amount of (12 million SAR), and it was distributed according to the company's announcement on January 6, 2022.

 

So the total cash dividends for the year 2021 (after approval of additional dividend) will be (0.75 SAR) equivalent 7.5% of the company's capital.

 

SASCO remind the shareholders to update their investment portfolios account information to ensure the receipt of their dividends.

 

SASCO also request from shareholders who own shares as per shares certificates to deposit such certificates in their investment portfolio in order to ensure the receipt of their dividends.