News & insight

The National Shipping Company of Saudi Arabia (Bahri) announces the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2023

19 MAR 2024

Element List Explanation
Introduction The Board of Directors of the National Shipping Company of Saudi Arabia recommended in its meeting held on 09/08/1445 H corresponding to 18/03/2024 to the General Assembly to distribute cash dividends to shareholders for the fiscal year 2023.
Date of the board’s recommendation 2024-03-18 Corresponding to 1445-09-08
The Total amount distributed 406,054,687.5
Number of Shares Eligible for Dividends 738,281,250 shares
Dividend per share 0.55
Percentage of Dividend to the Share Par Value (%) 5.5 %
Eligibility date The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the Company’s General Assembly, which will be announced later.
Distribution Date The distribution date will be announced later after the General Assembly approves the Board of Directors’ recommendation.
The name of other official authorities and the details of their non-refusal to the recommendation or decision Not applicable
Additional Information The company calls upon its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividends are deposited in their accounts with the banks on the distribution day and that all the certificates they hold should be deposited in their portfolios through submission to the Securities Depository Center (Edaa): Riyadh. King Fahd Road. Towers Cooperative, or sent on PO Box 60612 Riyadh