Saudi bank dividend doubles to SR 21 bln in 2021

Banks listed on Saudi market paid cash dividend of SR 21 billion in 2021 from SR 9.5 billion in 2020, a surge of 119.5% Y/Y.

The higher dividend payment was due to economic improvement domestically and globally, so listed banks on Tadawul have taken a positive procedure towards shareholders after recovering from Covid-19-related implications.

Based on data collected by Maaal, Saudi National Bank (SNB) paid the highest dividend among other public banks, with paying SR 6.94 billion or 15.5% of capital in 2021.

Al Bilad Bank was the only one which did not pay dividend last year though its profits rose 25% to SR 1.69 billion from SR 1.35 billion.