Riyadh – Mubasher: Etihad GO Telecom Company has announced that its Board of Directors has recommended a cash dividend distribution to shareholders for the fiscal year ending 31 March 2026.
The proposal, issued via a circular resolution on 22 June 2026, involves a total payout of approximately SAR 11.89 million. This recommendation marks a significant milestone in the company’s financial cycle as it seeks to return value to its investors following the conclusion of the fiscal period.
According to the regulatory filing on the Saudi Exchange (Tadawul), the Board of Directors has proposed a total distribution amount of SAR 11.89 million. This payout is calculated based on a total of 33.99 million eligible shares currently in circulation.
Shareholders are set to receive a dividend of SAR 0.35 per share, which represents a distribution ratio of 3.5% of the stock's nominal value.
The eligibility for these dividends will be determined based on the company’s shareholder register at the end of the second trading day following the date of the General Assembly meeting.
While the Board has finalized the recommendation, the specific date for the General Assembly, which must approve the distribution, has yet to be announced. The company confirmed that the actual payment date for the dividends will also be disclosed at a later time, pending the necessary shareholder approvals.
In its disclosure, GO Telecom provided specific guidance for its international investor base. The company noted that cash distributions transferred to non-resident foreign shareholders via resident financial intermediaries will be subject to a 5% withholding tax.
This deduction is mandated under Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations in the Kingdom of Saudi Arabia.
The company has urged its shareholders to ensure their personal and financial data is up to date. Specifically, investors are encouraged to verify that their bank account numbers are correctly linked to their investment portfolios.
This administrative step is essential to facilitate the seamless electronic deposit of funds into shareholder accounts on the scheduled distribution date.
