The Saudi Investment Bank announces the distribution of cash dividend for the first half of the fiscal year 2022
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Investment Bank announces the Board of Directors resolution regarding distribution of cash dividends to shareholders for the first half of the fiscal year 2022. |
| Date of the board’s decision | 2022-07-21 Corresponding to 1443-12-22 |
| The Total amount distributed | SAR 300,000,000 |
| Number of Shares Eligible for Dividends | 1,000,000,000 shares |
| Dividend per share | SAR 0.30 after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 3 % |
| Eligibility date | Shall be at the end of trading day, Sunday, 02 Muharram 1444H Corresponding to 31 July 2022 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 | 16 Muharram 1444H Corresponding to 14 August 2022 |
| 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.
The bank would like to remind its shareholders to update their information and link their bank account to their investment portfolios to ensure the receipt of their cash dividends. |
Comments