Bank Albilad announces the board of director’s recommendation to distribute cash dividends for 2023

Bank Albilad announces the board of director’s recommendation to distribute cash dividends for 2023

05 February 2024 08:33 AM

Element List

Explanation

Introduction

Bank Albilad announces the Board of Directors’ recommendation to distribute cash dividends to shareholders for 2023

Date of the board’s recommendation

2024-02-04 Corresponding to 1445-07-23

The Total amount distributed

500,000,000 SAR

Number of Shares Eligible for Dividends

1,000,000,000

Dividend per share

SAR 0.5 after Zakat deduction

Percentage of Dividend to the Share Par Value (%)

5 %

Eligibility date

For shareholders at the end of the day in which the Bank’s General Assembly is convened and who are registered in the Bank’s records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced later.

Distribution Date

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 on the Board of Directors’ recommendation to distribute cash dividends to ?shareholders for ??2023?.

Additional Information

We would like to draw