The Saudi Awwal Bank announces the recommendation of the board of directors to distribute cash dividends to shareholders for the Second half of the fiscal year 2023

The Saudi Awwal Bank announces the recommendation of the board of directors to distribute cash dividends to shareholders for the Second half of the fiscal year 2023



11 February 2024 08:58 AM

SAB

1060

8.29%

37.90

2.90

Element List

Explanation

Introduction

The Saudi Awwal Bank announces the recommendation of the board of directors to distribute cash dividends to shareholders for the Second half of the fiscal year 2023.

Date of the board’s recommendation

2024-02-10 Corresponding to 1445-07-29

The Total amount distributed

SAR 2,014 Million

Number of Shares Eligible for Dividends

2,054,794,522 Shares

Dividend per share

SAR 0.98 per share after deduction of Zakat

Percentage of Dividend to the Share Par Value (%)

9.8 %

Eligibility date

The eligibility of dividends distribution for the second half will be 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

The date of the dividends distribution 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