Publisher: Maaal International Media Company
License: 465734
The Saudi Investment Bank (SAIB) announced on Sunday that its Board of Directors has approved the distribution of interim cash dividends totaling SAR 498.93 million to shareholders for the first half of fiscal year 2025.
The dividend amounts to SAR 0.40 per share after zakat, representing a 4% payout based on the share’s nominal value.
A total of 1.24 billion shares are eligible for the distribution, which is scheduled for August 12.
SAIB confirmed that it has obtained the no-objection approval from the Saudi Central Bank to proceed with the dividend distribution.