Saudi Awwal Bank announced that its Board of Directors has recommended distributing SAR 2.05 billion in cash dividends to shareholders for the second half of 2024, representing 10% of the nominal value per share.
The number of shares eligible for dividends stands at 2.05 billion, with a distribution of SAR 1 per share after zakat deduction.
The bank stated that shareholders holding shares at the end of the General Assembly meeting and registered in the Securities Depository Center by the second trading day following the assembly date will be entitled to receive the dividends.
According to the announcement on “Tadawul,” the Saudi Central Bank has granted its no-objection to the dividend distribution.
