The Board of Directors of Alinma Bank has recommended distributing cash dividends for the second half of 2021, with a total value of 795.1 million riyals distributed over a number of outstanding shares amounting to 1.98 billion shares.
The bank said in a statement to the Saudi market (Tadawul), today, Thursday, that the proposed cash dividends are 4% of the nominal value of the share at 0.40 riyals per share after deducting zakat.
The eligibility for profits will be for the bank's shareholders who own shares at the end of the day of the bank's general meeting and who are registered in the bank's records with the Securities Depository Center Company at the end of the second trading day following the date of the assembly, which will be announced About it later.
The bank stated that the cash dividends of non-resident foreign investors that are transferred through the resident financial intermediary (when transferred or credited to their bank account) will be subject to a 5% withholding tax. % in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.
