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Banque Saudi Fransi to pay SAR 1m dividends for H1

Banque Saudi Fransi to pay SAR 1m dividends for H1
The bank will pay a cash dividend of SAR 1 a share
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Riyadh – Mubasher: The board of directors of Banque Saudi Fransi (BSF) has proposed distributing cash dividends worth SAR 1.199 million to shareholders for the first half of 2019.

The bank will pay a cash dividend of SAR 1 a share after the deduction of zakat, representing 10% of the share’s book value, according to BSF’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

The eligibility of dividends shall be for the shareholders owning shares on the due date 11 July and those shareholders registered in the Bank’s share registry at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date 15 July.

The Saudi-based lender will pay dividends on 29 July.