Arab National Bank announces the distribution of an interim cash dividend for second half of 2023 AD

Arab National Bank announces the distribution of an interim cash dividend for second half of 2023 AD

06 February 2024 08:53 AM

Element List

Explanation

Introduction

The Board of Directors of Arab National Bank has decided on 06/02/2024 distribution of an interim cash dividend to the shareholders for the second half of 2023 AD

Date of the board’s decision

2024-02-06 Corresponding to 1445-07-25

The Total amount distributed

SAR 1,050 Million

Number of Shares Eligible for Dividends

1,500,000,000 shares

Dividend per share

0.70 Halalah after deduction of Zakat

Percentage of Dividend to the Share Par Value (%)

7 %

Eligibility date

Eligibility of dividends shall be for the shareholders owning shares on the due date being Sunday 01/08/1445 corresponding to 11/02/2024 who are registered in the bank share registry at the Depository Center (SDC) as of end of the second trading day following the due date which corresponds to Tuesday 03 /08/1445 corresponding to 13/02/2024 AD

Distribution Date

Sunday 15/08/1445 corresponding to 25/02/2024 AAD

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 on the Board