The Saudi National Bank Announces the Board of Directors' Recommendation to Distribute Cash Dividends to Shareholders for the Second Half of 2021
- Date: 27-Jan-2022
- Source: Mubasher
- Sector:Financial Services
- Country:Saudi Arabia
The Saudi National Bank Announces the Board of Directors' Recommendation to Distribute Cash Dividends to Shareholders for the Second Half of 2021
|Element List||Explanation|
|Introduction||The Saudi National Bank announces the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of the year 2021.|
|Date of the board’s decision||2022-01-26 Corresponding to 1443-06-23|
|The Total amount distributed||SAR 4,030,200,000|
|Number of Shares Eligible for Dividends||4,478,000,000 shares|
|Dividend per share||SAR 0.90 after Zakat deduction|
|Percentage of Dividend to the Share Par Value (%)||9 %|
|Eligibility date||The eligibility date of the dividends shall be at the end of trading day of the Bank’s General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date|
|Distribution Date||Details of dividends distribution dates and process will be announced later.|
|Additional Information|| We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations.
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The Bank would like to remind its shareholders to update their information and to link their bank account numbers to their investment portfolios to ensure the timely distribution of their