Bank Albilad announces the board of director’s recommendation to distribute cash dividends for 2023
| 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 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 regulation.
And we would like to advise all shareholders to update their investment account information with the financial broker to avoid any issue on receiving the announced dividends.
Shareholders who have not received their dividends for previous periods, a dividends search tool has been added in the Bank’s website under the following link:
https://www.bankalbilad.com/ar/about/investor-relations/Pages/unclaimed-dividends.aspx
In case of any shareholder finds his name in the list, you are kindly requested to visit the nearest branch to collect the unclaimed dividends and contact Investor Relations Department for any assistance at:
Tel : 011 4798585
or through email: [email protected] |
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