SAIB BOD decides to distribute SAR 400 mln in cash dividends for H1

The Saudi Investment Bank (SAIB) announced on Sunday that the Board of Directors resolution regarding distribution of SAR 400,000,000 cash dividends to shareholders for the first half of the fiscal year 2023, equivalent to 4% of the share’s nominal value.

The number of shares due for dividends amounted to one billion shares at 0.40 riyals after deducting zakat, provided that the eligibility date is for the bank’s shareholders who own shares at the end of trading day on Thursday corresponding to August 3, 2023, and who are registered in the Bank’s records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date, and the distribution will also take place on August 15.