The bank said in a statement to the Saudi market (Tadawul) that the general assembly will discuss the recommendation of the board of directors to distribute 6% cash dividends for the second half of last year, with a value of 1.234 billion riyals , At 0.60 riyals (60 halalas) per share, after deducting zakat.
The public also discusses a vote on the profits previously distributed for the first half of last year with a value of 1.185 billion riyals, thus bringing the total distributed profits for the year 2019 amounting to 2.419 billion riyals By 1.20 riyals per share, which represents 12% of the nominal value of the share after deducting zakat.
The bank indicated that the eligibility of dividends to the shareholders who own the shares on the day of the meeting, and who are registered at the end of the second trading day following the due date, indicating that the dividend will start from Tuesday May 5, 2020.
The meeting will also vote on authorizing the Board of Directors to distribute interim dividends in semi-annual or quarterly terms for the year 2020.
