| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of First Milling Company dated 29/07/2026G, corresponding to 15/02/1448H, regarding the Board of Directors' decision to distribute interim cash dividends to shareholders for the first half of the fiscal year 2026G. |
| Previous Announcement | First Milling Co. announces the board of director’s decision to distribute cash dividends for First Half of the Year 2026 |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-07-29 Corresponding to 1448-02-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | First Milling Company hereby announces an amendment to the aforementioned announcement, whereby the distribution of cash dividends to shareholders for the first half of the fiscal year 2026G shall be a recommendation by the Board of Directors, rather than a resolution. • The eligibility date shall be at the end of the second trading day following the date of the Company's General Assembly meeting, the date of which shall be announced in due course. • The distribution date to be within fifteen (15) business days from the eligibility date. Accordingly, the Company reaffirms its ongoing commitment to full compliance with all applicable laws and regulations. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
| Delay consequences on the Company’s financial results | Not Applicable |
| Additional Information | The eligibility for cash dividends to shareholders who own shares on the eligibility date and are registered in the company's shareholders' register with the Securities Depository Center Company (Edaa) will be at the end of the second trading day following the day of the company's general assembly, which will be announced later. We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution, which is transferred by the resident financial broker, is subject to a withholding tax of 5%, in accordance with the provisions of Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations. Therefore, the Company urges nonresident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the Investor Relations Department, and to provide documents supporting tax exemption. For any inquiries or further details, please contact the Investor Relations at 920010375 during working hours or via email at: IR@firstmills.com |
First Milling Co. announces the latest developments regarding the distribution of dividends for the first half of the year 2026
AI Summary
- First Milling Company has amended its H1 2026 dividend announcement, reclassifying the distribution as a board recommendation rather than a final resolution.
- Dividend eligibility will be determined at the close of the second trading day following the upcoming General Assembly meeting, the date of which is yet to be announced.
- The company plans to distribute the cash dividends within 15 business days of the established eligibility date.
- A 5% withholding tax will apply to dividend distributions for non-resident foreign investors in accordance with local tax regulations.
