Saudi Awwal Bank Shareholders Approve SAR 2.06 Bln H2 Dividend

Saudi Awwal Bank (SAB) said on Thursday its shareholders approved a cash dividend of SAR 2.06 billion for the second half of 2024 during the Ordinary General Assembly Meeting (first session).

The dividend amounts to SAR 1.00 per share, or 10% of the nominal share value.

SAB said 2,054,794,522 shares are eligible for the dividend. Shareholders owning shares at the close of trading on the day of the meeting and listed in the shareholder registry at the Securities Depository Center (Edaa) by the second trading day thereafter will be entitled to receive the payout.

Dividend distribution will begin on Monday, May 19, 2025.