Arab National Bank announces the recommendation of its Board of Directors to distribute cash dividends for the second half of 2017
The Board of Directors of Arab National Bank has recommended to the General Assembly distribution of a cash dividend to the shareholders for 2H17 as follows:
1.Total amount recommended for distribution : SAR 650 Millions
2.Dividend amount per share SAR 0.65
3.Percentage of dividend to par value: 6.5%, in addition to an interim dividends of SR 550 million distributed for the first half of 2017, which brings the total dividends distribution for 2017 fiscal year up to SR 1200 million or SR 1.20 per share representing 12% of the share par value net of Zakat.
4. Number of shares eligible for dividends ( 1,000,000,000 ) shares
5.Record Date: The eligibility of dividends shall be for the shareholders owning shares at the end of the day of the General Assembly of the bank and registered with the company of the Depository Center (Tadawul) by the end of the second trading day of the date of the General Assembly to be held during the first quarter of 2018 and which will be announced later after obtaining the necessary approvals From the competent authorities
6.Dividend Pay Date: to be announced later