The extraordinary general assembly of the National Bank of Saudi Arabia approved the distribution of cash dividends of 9% of the capital, equivalent to 0.90 riyals per share for the second half of 2021.
According to Arabiya Net, the bank stated in a statement that the general assembly agreed to authorize the board of directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the year 2022.< /p>
The bank stated that the general assembly also approved the use of 2.85 million shares of surplus treasury stock as a result of the merger deal to be allocated to the first round of the stock incentive program for executive employees.
