United Oil Projects Company announced that the distribution of cash dividends for shareholders will be done according to the shareholders records on Tuesday, June 23th, 2020. This will be done at 8% of the nominal value of the share (i.e. 8 fils per share), as of Monday, 27 July 2020, as follows:
- Cash profits will be recorded in the accounts of the eligible shareholders and those registered in the electronic transfer service for the distribution of profits, in their bank accounts with local banks or branches of foreign banks in the State of Kuwait.
- The shareholders who are entitled to these distributions "who are not registered in the electronic transfer service" for the distribution of profits should review the banks to subscribe to this service or through the electronic banking services available to the customers so that they can receive these profits on time.
- The other shareholders who are entitled to these distributions "who are not registered in the electronic transfer service" and are unable to register in this service, the Kuwait Clearing Company will distribute cash dividends to them according to the rules and procedures in force with them.
The company also clarified that in the event of any inquiries or other clarifications in this regard; Shareholders eligible for cash dividends are kindly requested to refer to Kuwait Clearing Company.