The Saudi Investment Bank Announces the Distribution of an Interim Cash Dividends to Shareholders for the Second Half of the fiscal year 2023

The Saudi Investment Bank Announces the Distribution of an Interim Cash Dividends to Shareholders for the Second Half of the fiscal year 2023

18 February 2024 08:22 AM

Element List

Explanation

Introduction

The Saudi Investment Bank announces the Board of Directors resolution regarding distribution of an interim cash dividends to shareholders for the second half of the fiscal year 2023.

Date of the board’s decision

2024-02-15 Corresponding to 1445-08-05

The Total amount distributed

SAR 450,000,000

Number of Shares Eligible for Dividends

1,000,000,000 shares

Dividend per share

SAR 0.45 after deduction of Zakat

Percentage of Dividend to the Share Par Value (%)

4.5 %

Eligibility date

Shall be at the end of trading day, Sunday, 15 Sha’ban 1445H Corresponding to 25 February 2024 for the shareholders registered in the Bank’s records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the Eligibility date.

Distribution Date

Wednesday, 25 Sha’ban 1445H Corresponding to 06 March 2024

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’ resolution to distribute an interim cash dividends