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National Commercial Bank announces the distribution of cash dividend for the second half of 2018

Default Company 1180.O 0.00% 0.00 0.00
Element List Explanation
Board Resolution Date 2018-12-22 Corresponding to 1440-04-15
Total Amount of Dividend Distributed SAR 3,288,350,352.10
Number of eligible shares 2,989,409,411 shares after deducting the treasury shares.
Dividend per share SAR 1.10
Percentage of Dividend to the share book value 11 %
Eligibility date The eligibility of dividends shall be for the shareholders holding shares at the end of the day of the General Assembly meeting of the bank and they are registered in the bank’s records at the Company of the Depository Center (Edaa) by the end of the second trading day following the date of the General Assembly meeting, which will be announced later.
Dividend distribution date The date of cash dividend payment will be confirmed after getting the approval of the General Assembly
Additional Information We would like to draw the attention to the following regulation regarding the payment of dividend: for foreign non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations

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