SNB BOD recommends distributing cash dividends for H2 of 2023, amounting to SAR 5.4 bln, at 0.9 riyals per share

On Sunday, the Saudi National Bank announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of the year 2023, amounting to SAR 5.4 bln, at a rate of 0.9 riyals per share.

The number of shares entitled to dividends reached 6 billion shares, at 0.90 riyals per share after deducting zakat.

According to the bank the eligibility date of the dividends shall be at the end of trading day of the Bank’s General Assembly meeting day (which will be announced later) for the shareholders registered in the Securities Depository Center Company (Edaa) at the end of the second trading day following the General Assembly Meeting date. Distribution date will be announced later.