The Board of Directors of Bank Albilad, in its meeting held on Monday, recommended distributing 375 million riyals in profits to shareholders for the second half of last year.
The bank said in a statement to the Saudi market (Tadawul) today, Tuesday, that the ratio of distribution to the par value is 5%, at the rate of 0.5 riyals per share, after deducting the zakat. p>
The bank explained that the number of shares due to profits amounted to 750 million shares.
He indicated that the eligibility date of the shareholders who own the bank’s shares is at the end of the day of the bank’s general assembly and registered in the bank’s shareholders ’record at the Securities Depository Center (deposit) company at the end of the second trading day Next is the date of the association, which will be announced later.
As for the distribution date, it will be determined later, after the general assembly approves the distribution of profits.
The bank previously distributed a net cash dividend of 300 million riyals for the first half of 2019, at 0.4 riyals per share, representing 4% of the nominal value of the share. < / p>
Thus, the net profit distributed to the shareholders of the bank for the past financial year is 675 million riyals, at 0.9 riyals per share, equivalent to 9% of the nominal value of the share.
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