BSF’s Board Proposes SAR 1.2 Billion Cash Dividend for H2 2024

Banque Saudi Fransi (BSF) said its Board of Directors has recommended a cash dividend distribution of SAR 1.2 billion for the second half of 2024, equating to SAR 0.50 per share, or 5% of the nominal value per share.

The total number of shares eligible for the dividend is 2.4 billion. Shareholders registered with the Securities Depository Center by the end of the second trading day following the General Assembly meeting will be eligible for the payout.

The Saudi Central Bank approved the dividend recommendation on January 29, 2025.

In the first half of 2024, the bank had already distributed SAR 1.198 billion in cash dividends, or SAR 1.00 per share (10% of the nominal value). This brings the total dividends for the fiscal year ending December 31, 2024, to SAR 2.44 billion, or SAR 1.50 per share (SAR 2.04 per share before the issuance of bonus shares), representing 15% of the nominal share value.