Saudi Automotive Services: Retail and Operations Division

With reference to what was approved by the 39th Ordinary General Meeting held on Tuesday June 14, 2022 and its approval of the Board’s recommendation to distribute additional cash dividends to shareholders for the year ended December 31 2021 at SR 0.25 per equivalent in shares to 2.5% of the capital of SASCO for a total amount of SR 15 million. The right would be reserved for shareholders registered with the Securities Depository Center Company (Idaa) at the end of the second trading day following the date of the call for the ordinary general meeting.

Saudi Automotive Services Company (SASCO) is pleased to announce to shareholders of the company the commencement of cash dividend payments effective Wednesday, June 29, 2022 by Saudi British Bank, as follows:

1. Dividends deposited directly into shareholder accounts with investment portfolios linked to a bank account with a local bank.

2. Pay dividends directly by checking any of the Saudi British Bank branches for each of the following:

  • Shareholders whose investment portfolios are not linked to bank accounts.
  • Shareholders holding certificates (who do not have an investment portfolio) in accordance with the share certificate.

The company asks its shareholders to update their data and ensure the numbers of bank accounts linked to the investment portfolios in order to ensure that their dividends are realized immediately.

We also draw the attention of non-resident foreign investors to the cash dividends that have been transferred through the intermediary of the financial intermediary, the securities that take place during the transfer or when they have credited their account with a withholding tax at the rate of 5% in accordance with article (68) of the tax system and article (63) of its implementing regulations.

For any enquiries, please contact the Investor Relations Department on telephone number 0112068855 ext. 1114, 1155 e-mail: IR@sasco.com.sa.

Disclaimer

SASCO – Saudi Automotive Services Co. SJSC published this content on June 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 19, 2022 1:13:08 PM UTC.

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