SNB approves cash dividend distribution for H1, 2024 at 0.90 riyals per share

Saudi national Bank announced the Board of Directors’ decision to distribute cash dividends to shareholders for the first half of 2024 in the amount of 5.4 billion riyals, equivalent to 9% of the nominal value of the share.

The number of shares eligible for dividends is 6 billion shares at 0.90 riyals after deducting Zakat. The eligibility date will be on August 11 and the distribution will be on the 25th of the same month.

The bank drew the attention of non-resident foreign investors to the fact that cash dividends transferred through a resident financial intermediary are subject to a withholding tax of 5% upon transfer or entry into their bank account, in accordance with the provisions of Article (68) of the Income Tax System and Article (63) of its Executive Regulations.