Banque Saudi Fransi announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the Second Half of 2023

Banque Saudi Fransi announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the Second Half of 2023

06 February 2024 08:02 AM

Element List

Explanation

Introduction

Banque Saudi Fransi announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the Second Half of 2023

Date of the board’s recommendation

2024-02-05 Corresponding to 1445-07-24

The Total amount distributed

SAR 1,197.74 Million

Number of Shares Eligible for Dividends

1,197,737,597 Shares

Dividend per share

SAR 1.00 after deduction of Zakat

Percentage of Dividend to the Share Par Value (%)

10 %

Eligibility date

The entitlement of the dividends for the second half of the year 2023 shall be for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting, which will be announced later.

Distribution Date

Details of the General Assembly Meeting and dividend distribution dates will be announced later.

The name of other official authorities and the details of their non-refusal to the recommendation or decision

It should be noted that the Bank has obtained no-objection from the Saudi Central Bank dated 05-02-2024 Corresponding to 24-07-1445 on the Board of Directors’ recommendation to distribute cash dividends to ?shareholders?.