On May 24…BSFR discusses BOD recommendation to distribute SAR 1 billion cash dividends for 2H of 2022

17 Apr 2023

Riyadh - Maaal

The Board of Directors of Banque Saudi Fransi invited its valuable shareholders to participate in the Extraordinary General Assembly meeting (first meeting) that will convene on Wednesday, 24/05/2023 at 06:30 pm, through means of modern technology.

General Assembly Meeting Agenda:

‐ Voting on the Board of Director’s recommendation to distribute cash dividends for the second half of the fiscal year 2022G by 0.90 SR per share, i.e. a total of SAR 1,079.63 million representing 9.0% of share’s nominal value, provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the Assembly date,

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and those registered in the bank’s shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date, where the distribution begins on Monday 12/06/2023. Therefore, the total dividends distributed to shareholders for the fiscal year ending on 31/12/2022G is SAR 1,981.12 million by SAR 1.65 per share, representing 16.5% of share’s nominal value.

The quorum for holding the Extraordinary General Assembly shall be considered valid if attended by shareholders who represent at least 50% of the bank’s capital. If the required quorum has not been met, a second meeting will be held one hour from the time the first meeting was supposed to convene. The second meeting shall be valid if attended by shareholders representing at least 25% of the bank’s capital.

Every shareholder registered in the bank’s share registry at the Securities Depository Center at the end of the trading session prior to the General Assembly Meeting Day, shall have the right to attend the General Assembly meeting as stipulated in the relevant rules and regulations.

The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 01:00 A.M on Saturday 20/05/2023 until the closure of the General Assembly meeting.