Arab National Bank intends to distribute cash dividends to shareholders for the fiscal year 2020.
According to Arabnet, the bank said in a statement that the Board of Leasing recommended the distribution of 600 million riyals over 1.5 billion shares, bringing the share of the dividend to 0.4 riyals.
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Earlier, the bank announced the annual financial results for 2021, achieving a 31.5% decline in net profit. The bank’s net profit amounted to 2.072 billion riyals last year, compared to 3.023 billion riyals in 2019.
The bank’s revenues decreased by 21.5% to 5.99 billion riyals, compared to 7.6 billion riyals during the same period last year.
